Hamilton's housing market continues to run red-hot, with the highest price increase of all the major centres for the fourth month in a row.
Thursday, October 13th 2005, 7:39AM
by The Landlord
House prices rose 27.6 per cent for the year to September, up from a 25.4 per cent hike for the year to August and 24.8 per cent annual growth to July.
Quotable Value NZ said the buoyancy in the Hamilton market appeared to be driven by the relative affordability of residential property compared with other cities, particularly Auckland.
Quotable Value figures showed Dunedin's market was the strongest of the other big cities, with 23.2 per cent annual growth, followed by Christchurch (19.1 per cent) and Wellington (11.3 per cent). Auckland City lagged behind with an increase of only 5.8 per cent.
