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| | Central Otago Lakes region New Zealand's most expensive real estate - REINZ - ShareChat News article - sharechat.co.nz |
 | | The Institute has separated Central Otago and the Queenstown/Wanaka lakes district out into a new stand-alone region in its monthly residential survey, where previously they were respectively included in the Otago and Southland figures, according to the National President of the Real Estate Institute of New Zealand (Inc), Howard Morley. |
 | | The new region, Central Otago Lakes, was up from $380,000 in May to $395,000, compared with the June 2004 median of $380,000, indicating that the region had been one of the earlier areas to participate in the recent price boom. |
 | | Central Otago Lakes region confirmed this trend with its year-to-year percentage gain of just 3.94%, "they were obviously experiencing price increases at the very earliest stages of the recent price growth," Morley said. |
| www.sharechat.co.nz /partners/nbr/news/scnews/article.php/e2275c99 (812 words) |
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