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, with an average asking price of $757,000. This represents a 2.4% year-on-year increase, offering strong value for first-home buyers and investors compared to other main centres.
A high volume of new listings provides buyers with ample choice, particularly in growth suburbs like Halswell, St Albans, and Rolleston. For sellers, there is significant buyer interest, with strong demand for "as is where is" properties, indicating an appetite for renovations.
| 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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