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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 asking prices up 3.3% year-on-year. Strong buyer demand, with searches up 10%, is outpacing a drop in new listings, creating a competitive environment for buyers.
A key trend is the split in property types. Prices for large 5+ bedroom homes have surged 19%, while an influx of new townhouses has seen prices for 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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