Christchurch house prices are booming. Latest figures from CoreLogic show the city's monthly growth rate was 3.1%

It's the highest growth rate of the main centres and the strongest monthly rate of growth for the Garden City for at least 17 years.

After years of very little growth in the South Island's largest city, the pronounced lift is significant and shows the pace of capital gains is accelerating.

At 11 percent Auckland's annual growth rate moved into double digits for the first time since April 2017