Provincial house prices enjoy their turn in the sunMIKE CREAN/FAIRFAX NZ. As house price growth flattens out in Auckland, Christchurch and Hamilton, it appears the new property hotspots are in places that once struggled to sell a house. PETER MEECHAM/FAIRFAX NZ House prices in Paeroa, famed as the home of L&P, are rising as part of a surge in interest in provincial townshipsIn Kaipara, north of Auckland, house prices have risen nearly 26 per cent over the last year, thanks to the popularity of lifestyle locations like Mangawhai. As a result, the median house price had jumped to $335,000, from $246,000 a year earlier, she said. House price growth in many provinces is now outpacing Auckland and Hamilton, where annual house price growth has slowed to just under 13 per cent and 18 per cent respectively.

Source: Stuff February 01, 2017 01:44 UTC