Feature article
Otago regional property market insights
A snapshot of Otago’s property market.
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AI summary
The Otago property market is showing signs of stabilisation. The average sale price reached $878,400 in December 2024, a 4.7% annual increase. A 28.2% year-on-year rise in property listings provides more choice for buyers.
The rental market also saw growth, with the average weekly rent climbing to $625, up 11.6% from the previous year.
An expert from LJ Hooker notes a balanced market, predicting prices will appreciate by the end of 2025 due to favourable interest rates.
Otago’s regional property market at a glance - residential properties for sale
Otago’s regional property market at a glance - residential properties for rent
Insights from an Otago property market expert
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