The Napier suburb of Te Awa remains the region’s rising property darling as it hits a median house price of half a million dollars.
According to the latest report from OneRoof, property prices in the Napier suburb have skyrocketed in recent years having risen considerably in the past three years with the average house value now sitting at $500,000, an 18 per cent increase on June 2018.
This sits just above the Napier median price of $495,000, which has also increased by 10 per cent since June last year.
Tremains Hawke’s Bay sales manager Stuart Christensen says that first-home buyers will struggle to find anything priced much below $500,000 even in the older part of the suburb.
Photo: Te Awa property prices have skyrocketed in recent years.
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Posted: 5 June 2019