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 and growth. In December 2024, the average asking price reached $878,400, a 4.7% annual increase, while the number of properties for sale grew 28.2% year-on-year, offering more choice.
The average weekly rent also climbed to $625, up 11.6% from the previous year.
An expert from LJ Hooker Dunedin notes a balanced market, predicting prices will appreciate by late 2025 due to falling interest rates and investor-friendly 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
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