Location, location, location . . . Another property is sold
on Gordon Rd in Mosgiel, continuing a strong trend over the
past year. Photo by Tim Miller
Mosgiel is the red-hot real estate choice for many
people, industry sales figures for the past year show.
The Real Estate Institute of New Zealand was asked by The
Star for a list of the 10 most popular streets in Dunedin,
sorted by the number of sales.
Gordon Rd in Mosgiel (16 sales) was the street with the
highest number of sales from November 1, 2011, to October 31,
2012. Mosgiel's Argyle (11) and Ayr (10) Sts also made the
Gordon Rd residents spoken to by The Star yesterday said they
were surprised the road had topped the list but said there
had been a lot of houses on the market in the past two or
One resident said she had been approached twice by people
looking to buy her property. Other residents said the
location, close to the centre of Mosgiel, and the increasing
population made Gordon Rd attractive. Real Estate Institute
of New Zealand regional director Liz Nidd said it would be
hard to compare the popularity of streets because of their
She said what was obvious was the lack of higher-priced homes
for sale in Dunedin, with owners of those types of properties
holding on to them.
''You are always going to find that the numbers are bigger at
the moment in any street that has got cheaper houses, largely
because [with] the drop the market took, people further up
the market have chosen not to put their houses on the
She said there were a lot of negative stories
about the economy but the ''good news story'' in Dunedin was
that housing was still affordable.
''It is still a good place to be. A young family can still
get a toe in the market.
''A little two to three-bedroom house in Wellington, in a
pretty ordinary suburb, you can't get anything for under
$350,000 and Auckland is even worse. Christchurch is
horrendous because there is such a shortage of sound property
available to the market, so we really are sitting quite
''For a beautiful city we have got a good story in terms of
our ability to get our young people into homes.''
She said there was always huge demand for suburbs such as
Roslyn, Maori Hill and St Clair but there had not been a huge
amount of property coming on the market in those areas.
There were 2219 residential house sales in Dunedin in the
year that ended October 31, with the vast majority selling
for under $300,000.
In October, 51% of the 202 sales in Dunedin were for
properties that sold for less than $200,000.