A New Zealand market analysis researched by Newshub has revealed just how much the housing market has risen since the last general election in September 2014, based on data from Homes.co.nz.
While the median capital gain for a New Zealand home in less than three years was just over $65,000, certain areas have experienced far more substantial growth. Take the Queenstown Lakes District, which has experienced an enormous median capital gain per house of $378,000, closely followed by Auckland with a capital gain per house of $250,000. In Tauranga, owners made a capital gain of $206,000, the Thames Coromandel area saw gains of $200,000 and Wellington saw a median capital gain of $185,000 per house.
