Feature article
Otago regional property market insights
A snapshot of Otago’s property market.
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AI summary
The Otago property market shows signs of stabilisation. The average asking price reached $878,400 in December 2024, a 4.7% increase year-on-year. Buyers have significantly more choice, with a 28.2% increase in listings compared to the previous year.
The rental market is also strong, with average weekly rent hitting $625, up 11.6% annually.
Expert Jason Hynes of LJ Hooker describes a well-balanced market and anticipates prices will appreciate before the end of 2025.
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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