14 Oct 2020

Regional mayors have plans to act on soaring house prices

From Morning Report, 8:49 am on 14 October 2020

It's not just Auckland where property prices are booming - several regions are notching record highs too, according to Real Estate Institute of New Zealand figures.

Leading the way is Gisborne, which has experienced a near-fifty per cent increase in its September median house price compared to a year ago.

That figure now sits at $560,000 dollars.

House buying fever has also gripped the the West Coast of the South Island on the back of a desire for people to relocate there.

Gisborne mayor Rehette Stoltz and Buller District mayor Jamie Cliene speak to Susie Ferguson.