Taranaki property prices keep it up

Quotable Value New Zealand's monthly property statistics show New Plymouth's property value growth at 31.2% for the 12-month period ending March 2004.

Only Wanganui, with 32.4%, has higher growth among the nation's cities, while Stratford leads national statistics with a staggering growth rate of 50.2%. South Taranaki showed positive growth of 30.6%.

Taranaki's statistics buck the national average property value growth of 12.1% in the past 12 months.

The chairman of Taranaki's branch of the Real Estate Institute of New Zealand, Steve Beaven, said Stratford's increase came as no surprise.

"We are seeing a number of first home buyers who are certainly shopping in the periphery towns like Waitara, Inglewood and Stratford."

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