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Spotlight on Canterbury, local property market insights
Trade Me data shows Canterbury defying the property cooldown, with high demand for big homes and great townhouse deals.
AI summary
The Canterbury property market is defying the national cooldown, with average asking prices up 3.3% year-on-year. This resilience is driven by strong buyer demand and a drop in new listings, especially in Ōtautahi where searches have jumped 13%.
A key trend is the divergence in property sizes. Prices for large family homes (5+ bedrooms) are up 19%, while an influx of new townhouses has seen prices for smaller 1-2 bedroom properties fall 8%, creating great opportunities for first-home buyers.
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Canterbury property market defies national cooldown
The regional picture: Canterbury vs. Aotearoa
Demand is up, supply is down
Market breakdown: Premium homes vs. townhouse supply
A surge in new-build supply is giving first-home buyers more accessible, cost-effective options.
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