Rental demand pushes up prices in tight Takaka housing marketALDEN WILLIAMS/FAIRFAX NZ Prices in Takaka increased by 15.3 per cent in the year to September. However the median house value in Takaka remained the lowest of the 11 places listed in the report. The median value in Atawhai was estimated at $637,050 and in Richmond at $576,300. READ MORE:* Spring stokes heat in housing market* Nelson house prices stand firmTakaka also topped the table for percentage price growth over the last quarter, increasing by 3.5 per cent. Motueka recorded the biggest percentage rise in house prices since the peak of 2007, increasing 51.2 per cent to an estimated median value of $490,800.

Source: Stuff December 13, 2017 03:22 UTC