fastest-selling suburbs

PHOTO: Here’s the latest data. Photo credit: Getty Images.

New data shows it wasn’t an Auckland suburb that saw the greatest growth in house prices over the last 12 months, but a small settlement near Mt Ruapehu.

According to figures released by CoreLogic on Thursday, Manunui in the Ruapehu district had the highest value change in house prices over the last year with a 51.8 percent jump to $295,000. Nearby Taumarunui comes in second with a 49.4 percent increase.

No suburbs in any of the main centres make the top 10 list. Instead, it’s made up of areas in Ruapehu, Waikato, Gisborne, Tararua and Whanganui.

In Auckland, Otara had the greatest increase over the last 12 months – up 31.4 percent. For Hamilton, it was Enderly (up 30.1 percent), while Tauranga’s Greerton jumped 23.2 percent, Wellington’s Wainuiomata increased 35.3 percent, Christchurch’s Aranui grew 22.1 percent and Dunedin’s Bradford increased 21.3 percent.

The list of suburbs with the highest median values in New Zealand is dominated by areas in Auckland. In the top spot is Herne Bay ($3.158 million), followed by St Marys Bay ($2.787 million) and Remuera ($2.536 million).