Taranaki property prices keep it up
Taranaki's buoyant real estate market shows no sign of abating, with another set of statistics putting New Plymouth among New Zealand's top cities in property value growth.
Monday, April 11th 2005, 7:54AM
by The Landlord
Quotable Value New Zealand's monthly property statistics show New Plymouth's property value growth at 31.2% for the 12-month period ending March 2004.Only Wanganui, with 32.4%, has higher growth among the nation's cities, while Stratford leads national statistics with a staggering growth rate of 50.2%. South Taranaki showed positive growth of 30.6%.
Taranaki's statistics buck the national average property value growth of 12.1% in the past 12 months.
The chairman of Taranaki's branch of the Real Estate Institute of New Zealand, Steve Beaven, said Stratford's increase came as no surprise.
"We are seeing a number of first home buyers who are certainly shopping in the periphery towns like Waitara, Inglewood and Stratford."
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