Feature article
Otago regional property market insights
A snapshot of Otago’s property market.
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AI summary
The Otago property market is showing stabilisation and growth. In December 2024, the average sale price reached $878,400, a 4.7% annual increase, while property listings for sale rose 28.2% year-on-year, giving buyers more choice.
Average weekly rent also climbed to $625, up 11.6% from the previous year. An expert from LJ Hooker notes a balanced market and predicts prices will appreciate by late 2025, influenced by expected 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
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