123RF The Otago region is continuing to experience record growth in the property market. As New Zealand's property market continues to soar, the Otago region is achieving record growth, according to the latest Harcourts' Otago Market Report. In the Central Otago District the median price for January reached $670,000, compared with $585,000 in January 2020—up 14.5 per cent. It's the first time the median price has broken through the $600,000 barrier and it has more than doubled over the last five years. The median price rose from $685,000 in October 2020 to $820,000 in January 2021.

Source: Stuff March 12, 2021 15:56 UTC