Property

Otago property prices up 48pc on February '03

Otago house values continued to rise in February, with prices 48 per cent higher than a year earlier, the highest increase in the country.

Tuesday, March 23rd 2004

Following declining sales during December and January, the Otago market had "unexpectedly heated up again", Real Estate Institute Otago branch president Elizabeth Nidd said yesterday.

"There is pressure on stock again and properties are going out quickly," she said when contacted.

Auckland was up 10.9 per cent on its February 2003 median price at $310,6000 last month, Wellington up 18.6 per cent at $255,000 and central Christchurch prices up 6.1 per cent from $228,500 in February 2003 to $242,500 last month.

The median price of Otago homes increased from $118,000 in February 2003 to $175,000 last month. Otago sections rose 94.24 per cent in median price from $69,500 to $135,000.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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