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."
