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 showing signs of stabilisation. The average sale price reached $878,400 in December 2024, up 4.7% annually. A 28.2% year-on-year increase in listings provides more choice for buyers.
Average weekly rent also climbed to $625. An expert from LJ Hooker notes a balanced market and predicts price appreciation by late 2025 due to favourable conditions for investors and potential interest rate cuts. A Property Pulse survey found 55% of buyers believe it's a good time to buy.
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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