Feature article
Otago regional property market insights
A snapshot of Otago’s property market.
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AI summary
Otago's property market shows steady growth, with the average asking price reaching $878,400 in December 2024, a 4.7% annual increase. Buyers benefit from more options, as for-sale listings surged 28.2% year-on-year.
The rental market is also strong, with the average weekly rent hitting $625, an 11.6% annual rise.
According to expert Jason Hynes, the market has stabilised. He anticipates prices will appreciate by late 2025 due to expected interest rate cuts and legislative changes.
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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