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19 Jul 2019 1:50
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  •   Home > News > Business

    House prices have skyrocketed to a record high in Gisborne

    House prices have skyrocketed to a record high in Gisborne


    New figures from the Real Estate Institute show the median price for a house in the Gisborne District increased almost 55-percent in the year to May.

    That means a house will set you back around 440-thousand dollars, up from 285-thousand at the same time last year.

    The price jumped by a staggering 23-percent alone last month -- the equivalent of about two-thousand 645-dollars every day.

    By contrast, house prices in the West Coast, Tasman, Northland and Marlborough are all in decline.

    © 2019 Newstalk ZB, NZCity


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