Feature article
Otago regional property market insights
A snapshot of Otago’s property market.
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AI summary
Otago's property market is stabilising, with the average asking price reaching $878,400 in December 2024, a 4.7% annual increase. Buyers have significantly more choice, with a 28.2% year-on-year rise in properties for sale.
The rental market also saw growth, with average rent hitting $625, up 11.6% annually.
An expert from LJ Hooker notes a balanced market and predicts prices will appreciate by late 2025, driven by expected interest rate cuts and legislative changes for investors.
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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