House prices ramping up nationwide

The data reveals the market upswing has not been Auckland or main centre-focused, rather it has been broad-based right across the country.

Herne Bay remains New Zealand’s most expensive suburb, with a median value of $3.16 million, but in terms of value growth, cheaper areas have been far superior.

Reflecting better relative affordability and easier access for a wider range of buyers, Manunui in Ruapehu District saw median values rise by 51.8% in the past year to $295,000.

A “provincial” suburb has also taken the prize as fastest-selling with Hargest in Invercargill boasting a median selling time over the past year of just six days.