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 steady, sustainable growth, outperforming major centres with its resilience and value. The average asking price reached $757,000, a 2.4% annual increase, making it attractive for buyers and investors.
New listings are abundant, with strong buyer interest in growth suburbs like Halswell, St Albans, and Rolleston. "As is where is" properties are in high demand. The rental market remains stable at $588/week, supported by the region's strong population growth.
| 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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