Property

Mount high on NZ pile

Mount Maunganui has become the country's fifth most expensive residential area after its house prices soared as high as 50 per cent in the past year.

Friday, April 02nd 2004

Latest Quotable Value (QV) market statistics show the Mount is in the top five dearest areas, behind Auckland, Wellington and Queenstown.

According to QV sales figures for the three months ending December, Mount Maunganui had an average house price of $331,000 _ and property prices have climbed even higher since December.

Auckland City had the highest priced residential property with sales averaging $491,000.

Queenstown was next with an average of $466,000 in that period, followed by North Shore City $429,000 and Wellington City $359,000.

Nelson City with sales averaging $287,000 and its neighbour Tasman with $313,000. Tauranga sales averaged $270,000.

Residential property prices at the Mount were 50 per cent higher than in Christchurch City on $225,000 and double those in Dunedin with $150,000.

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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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