Invercargill also saw a record median price of $290,000 for February, up from $239,500 in February last year. READ MORE:* February a lean month for real estate agents, new data shows* Think Capital Gains Tax is expensive? There were five regions that saw record median prices achieved in February. There was also some confusion about lifestyle blocks, and whether they would attract Capital Gains Tax even if they were the family home, she said. Any decisions about the introduction of a Capital Gains Tax would be made in April and the spokesperson warned against sellers trying to "time the market".

Source: Stuff March 13, 2019 04:31 UTC