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Median house prices nationwide were up by 6.6% year-on-year in September to a record high of $597,000, according to REINZ.

They were also up 2.9% on August and these results are in line with the REINZ House Price Index (HPI) which saw property values increase 3.6% annually to a new record high of

Median prices rose in 13 out of 16 regions and four regions turned in record median prices in September.

They were Manawatu/Wanganui (up 24.1% year-on-year to $397,000), Southland (up 22.1% to $315,000), Taranaki (up 15.9% to $400,000) and Hawke’s Bay (up 13.4% to $500,000).