Prices rise in every region in New Zealand bar Auckland and Nelson

Prices rose in 14 of New Zealand’s 16 regions for the year to October, leading to the median houseprice for New Zealand, excluding Auckland, to reach a record price of $440,000 (an 8.5% increase), according to the latest data from the Real Estate Institute of New Zealand (REINZ) – source of the most complete and accurate real estate data in New Zealand.

Contributing to the increase were record prices in four regions:

• Waikato – up 9.9% to $500,000
• Manawatu/Wanganui – up 11.5% to $290,000
• Canterbury – up 4.7% to $450,000
• Otago – up 14.4% to $412,000.