Feature article
Canterbury property market update: Garden City resilience shines
Record highs, steady growth, and a region hitting its stride.
AI summary
The Canterbury property market is demonstrating resilient and sustainable growth, with its Property Price Index outperforming Auckland and Wellington. The average asking price reached $757,000, a steady 2.4% year-on-year increase, offering relative affordability for buyers.
Buyer activity is strong, with high search interest for "as is where is" properties. Key growth suburbs include Halswell, St Albans, and Rolleston. The rental market remains stable with an average rent of $588/week, supported by the region's rapid population growth.
| Value | MoM% | YoY% | |||||
|---|---|---|---|---|---|---|---|
| Average Asking Price | Average Asking Price | $757,000 | $757,000 | 1.20% | 1.20% | 2.40% | 2.40% |
| Average Weekly Rent | Average Weekly Rent | $588 | $588 | -0.10% | -0.10% | -0.30% | -0.30% |
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