Hawke s Bay s million dollar suburbs revealed
21 Jan, 2021 05:00 PM
4 minutes to read
Hawkes Bay Today
By: Louise Gould
Hawke s Bay now has two $1 million suburbs as house prices in the region move into a stratosphere never seen before. The latest OneRoof Valocity figures show the average sale price of a home in the coastal Hastings village of Waimarama and semi-rural hillside settlement of Poraiti in Napier was more than $1 million in 2020.
The growth in the median house price of each area in the past five years is more than $500,000, according to the OneRoof statistics.
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Waimarama s median house price is $1.2m and had a post Covid-19 price jump of 20.7 per cent.