19 Jan 2021

House prices double in some part of NZ in decade

From Morning Report, 7:47 am on 19 January 2021

In the last ten years, the value of property has doubled in some areas of New Zealand.

Figures released by Realestate.co.nz show between 2011 and 2020 the asking prices for properties went up by more than 100 percent.

The biggest increase was for the small Bay of Plenty district of Kawerau, where the average asking price went up 132 percent.

But strong rises were also seen in Central Hawke's Bay, Hamilton, Waitakere, and Central Otago.

Māni Dunlop speaks to the chief executive of Realestate.co.nz, Sarah Wood.