Feature article

Otago regional property market insights

A snapshot of Otago’s property market.

Al Hall
Last updated: 21 January 2025 | 3 min read
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AI summary

The Otago property market shows stable growth. The average sale price reached $878,400 in December 2024, a 4.7% annual increase. Listings were up 28.2% year-on-year, providing more choice for buyers.

Average weekly rent also climbed to $625, an 11.6% increase from the previous year.

According to LJ Hooker, the market is balanced, with prices expected to appreciate in 2025 due to lower interest rates and favourable conditions for investors and buyers.

Otago’s regional property market at a glance - residential properties for sale

Otago’s regional property market at a glance - residential properties for rent

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Author

Al Hall Al Hall
Content Writer