Manawatu district and Palmerston North
Population: 119,600 Manawatu region (June 2018)
Situated on the banks of the Manawatu River and the base of the Tararua mountain ranges, Palmerston North has a thriving economy which is largely due to its geographical location in central North Island and the prolific farming and agricultural activities. It is also home to some of the best schools and university in the country. A short distance from Palmerston North will take you to the Ruahine Mountain range which provides some of the best remote location experiences you will find anywhere in New Zealand and the walks are some of the most challenging in the country taking you to back country huts which in some cases are merely two- or three-man steel wire bunks with a pot belly stove and a babbling river outside. For those of you wanting the genuine “stony river” experience, this is it. You can even catch a trout right outside your hut. Be warned, this is not for the faint-hearted, both the Ruahine and Tararua ranges are for the hardy among us and should not be attempted unless extremely physically fit.
Palmerston North house prices are hitting new all-time highs at breakneck speed with new records broken almost as soon as they've been set.
The median price of a Palmerston North home hit $460,000 in June, according to Real Estate Institute of New Zealand figures, shattering the previous record high set just the month before by $40,000.
It was the sixth month of the past 12 in which records have been set in the city, whereas the record was only broken three times over the same period in 2017-18
A range of vacancies are commonly avaiable in this region.
Last report July, 2019