House prices may be on an upward trend across the country, but there are still hot spots where great deals can be found for those looking for their dream bach.
It's been a year of significant growth for Otago and Southland, with stellar performances across primary exports and investment in infrastructure as key highlights for the region.
Local appetite to get on the property ladder has picked up much of the slack that was expected from the ban on foreign buyers brought in late last year.
Property brokers expect a bumper year for commercial property in 2020, supported by business relocations, engineering and manufacturing expansion and the trend towards shared space.
Dunedin high-tech engineering firm United Machinists has expanded its city footprint, investing an additional $3 million into new factory and engineering capacity.
Dunedin home buyers paid an average $90,000 more for a house last month compared with the same time last year, as the city led an overall 14.4% price surge across the Otago region.
Tuapeka Gold Print, one of Dunedin’s fastest growth businesses, will build a new 15,000sqm warehouse and factory to cater for the expected expansion of its export business.