New Zealand's biggest risers all have one thing in common

Regions across the central and lower parts of the North Island continue to experience some of the highest rates of value growth.

The latest figures from QV show that the likes of Dannevirke, Featherston, Papakowhai, Ohakune, Taumarunui, Carterton and Springvale are leading the way in quarterly value growth to June, experiencing some of the greatest growth across the country outside of the Auckland region.

Featherston stands out. The South Wairarapa town has experienced value growth of 62.9 per cent in the 24 months to June. Its median value is now $352,500. The whole region appeals to those seeking more space and a relaxed lifestyle, while still offering a doable daily commute into Wellington City.

Kawerau is another example of a North Island provincial town experiencing notably strong value growth. The suburb has seen median values increase by 56.6 per cent in the two years to June. Much like Featherson, Kawerau benefits from a relatively easy commute to Rotorua and Tauranga. There is also plenty of excitement around the local economy, with proposed developments including a new dairy processing facility, wood mill expansion and an inland container terminal.

Heading north to Auckland, values continue to keep fairly flat or drop slightly. The top three suburbs in terms of value growth are: Wellsford, Chatswood and Windsor Park. These suburbs have all experienced quarterly growth between 2.3 and 3.4 per cent to June.

The North Island’s other main centre, Wellington, has experienced modest growth. It’s been a quiet market for the city’s high value suburbs although there are pockets of strong growth across the wider region. The three top suburbs for quarterly growth are Papakowhai, Woodridge and Hataitai.

Papakowhai is typical of a suburb experiencing strong growth in the current climat. Its relative affordability appeals to first home buyers and it offers easy access to Porirua and Wellington City.

Last but not least, the deep south. Grasmere, Waimate and Riverton lead the way in quarterly growth for the South Island. They have all experienced value growth between 3.8 and 5.7 per cent to June.

Riverton, an attractive seaside town near Invercargill, still offers the ‘Kiwi dream’ of a bach with sea views for prices in between $300,000 to $500,000. Interestingly, many buyers are choosing this area after being priced out of the Queenstown Lakes and Central Otago markets.