Median house prices in Southland rose well above the annual national median during the past year, Real Estate Institute of New Zealand figures show.
Sunday, October 24th 2004, 2:28AM
by The Landlord
The median Southland house price in September was $132,000, up from $95,000 in September 2003, a rise of 38.9 percent – well above the national median rise of 16.3 percent.
Winton experienced the biggest median gain, up from $87,500 in September 2003 to $162,000 in September 2004. Invercargill rose from $104,000 to $119,000, Gore from $70,500 to $81,000, while Riverton remained steady rising from $113,250 to $113,750.
Queenstown, Te Anau and Bluff median prices all dropped.
Te Anau median prices dropped from $195,000 to $175,000, Bluff from $61,000 to $57,450 and Queenstown from $443,000 to $405,000.
