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 stability and growth. The average sale price reached $878,400 in December 2024, up 4.7% annually. Buyers have significantly more choice, with a 28.2% year-on-year increase in property listings.
The rental market also saw strong growth, with the average weekly rent hitting $625, an 11.6% annual increase.
According to local expert LJ Hooker, the market is balanced. Price appreciation is expected by late 2025, driven by anticipated interest rate cuts and legislative changes.
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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