The median house price in Taranaki is $520,000 for the second month in a row (file photo). Taranaki house prices set new records during February, fuelled by demand and a lack of listings. READ MORE:* Taranaki house prices hit unprecedented median high* Out-of-town buyers pushing Taranaki residents out of the market* Demand for houses in Taranaki soars despite uncertaintyHome buyers were competing with buyers from outside the region, including investors, he said. SUPPLIED Real Estate Institute of New Zealand (REINZ) Taranaki ambassador Garry Malcolm. A new high on the REINZ House Price Index saw the value of the region’s house market increase by more than 20.4 per cent since the same time last year.

Source: Stuff March 14, 2021 18:56 UTC