Photo: Getty ImagesOtago’s median house price has rocketed by 58.8% in the year to April 2021. Figures out today from the Real Estate Institute of New Zealand (REINZ) show the median house price in the South Island region increased from $447,000 last year to $710,000. Email riley.kennedy@odt.co.nzExcluding April 2020, Otago had the lowest April sales volumes since April 2008. However nationally, April saw the highest number of residential properties across New Zealand sold in an April month for five years with just over 7000 properties. "While the national picture represents the busiest April in five years, the reality is that we’ve seen the number of sales decrease when compared to March.

Source: Otago Daily Times May 12, 2021 23:03 UTC