PHOTO: SIMON O’CONNOR/STUFF – Taranaki prices were up 8.6 per cent year-on-year.

If you wanted capital gains on your house over the past year, forget the big city – the best place to be was Manawatu/Whanganui.

The Real Estate Institute has released its latest data, which shows five regions hit record median prices last month.

Manawatu/Whanganui was up 20.2 per cent year-on-year from a median $286,250 this time last year, to $344,000.

Otago also hit a record with an 18.2 per cent price rise compared to October 2017. Hawke’s Bay recorded a 17.4 per cent increase, Taranaki lifted 8.6 per cent, and the usually stagnant Christchurch market was up 3.3 per cent.



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