Buyers pump extra $56m into HB housing market


PHOTO: Hawkes Bay, New Zealand.

Hawke’s Bay’s housing market grew last year by $56 million, with Baby Boomers from across the North Island increasingly making a beeline for Hawke’s Bay.

Latest figures supplied to Hawke’s Bay Today by the Real Estate Institute show that the median house price in the Hawke’s Bay district rose $56,250 between January and December last year – bringing the average house price to $381,250.

That marked a 17 per cent jump and brought the total value of all sales to almost $1.1 billion for the year – 5 per cent up on 2016’s total spend.


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