Feature article
Canterbury property market update: Garden City resilience shines
Record highs, steady growth, and a region hitting its stride.
AI summary
The Canterbury property market is showing resilient and sustainable growth, making it attractive for first-home buyers and investors. The average asking price is $757,000, up 2.4% year-on-year.
New listings are well above the national average, with key growth suburbs including Halswell, St Albans, and Rolleston. There is strong buyer demand for "as is where is" properties, indicating an appetite for projects.
The rental market remains stable with an average weekly rent of $588.
| Value | MoM% | YoY% | |||||
|---|---|---|---|---|---|---|---|
| Average Asking Price | Average Asking Price | $757,000 | $757,000 | 1.20% | 1.20% | 2.40% | 2.40% |
| Average Weekly Rent | Average Weekly Rent | $588 | $588 | -0.10% | -0.10% | -0.30% | -0.30% |
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