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. In December 2024, the average sale price was $878,400, a 4.7% annual increase, while the supply of homes for sale grew 28.2% year-on-year, offering more choice for buyers.
Average rent also climbed to $625 per week, up 11.6% annually. An expert from LJ Hooker notes a balanced market and predicts prices will appreciate by late 2025, influenced 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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