Source: REINZ, Ray White Economics
The 1.70 per cent increase in national median house price is reflected across regional and major city performance, revealing distinct market segments driving the recovery.
The growth is being led by a clear affordability sweet spot, with middle-market regions priced between $ 650,000- $ 800,000 delivering exceptional growth averaging 10.30 per cent annually.
The Nelson region leads this cohort with a remarkable 15.70 per cent growth, followed by Otago’ s strong 11.10 per cent performance. This middle bracket significantly outperforms both affordable markets under $ 650,000( averaging just 0.10 per cent) and expensive markets above $ 800,000( averaging 2.60 per cent).
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