Real estate prices in Central Otago Lakes are soaring, with the median house price up 42% in the past year.
Building consent numbers issued across the country during May are up on a year ago in 10 out of 16 regions - but not Otago.
Pat Brittenden and Dominic George look at the latest rates rise for Dunedin.
The Christchurch man who owns the Palmers Quarry Garden in Northeast Valley is trying to sell part of the land, hoping it will be picked up by a retirement home operator.
Median house price increases across Otago's townships and Dunedin's suburbs may have eased into single figures for the first quarter of 2016, but "critical shortages'' and high prices persist around Queenstown, overflowing into other Central Otago towns.
Hundreds of people flocked to Saturday's open day at Queenstown's newest development, Hanley's Farm.
Queenstown is following Auckland's "halo'' housing effect, pushing buyers further afield into regional Central Otago areas in search of more affordable housing - but buoying prices in the process.
The Central Otago Lakes region has posted a 40% annual increase in house prices, underpinned by a gain of almost 20% in Queenstown.
The Clutha District Council has turned property developer, yesterday unveiling its plan for 60 residential sections on an elevated site in north Balclutha.
New Zealand's national house price reached a record high in May, above $500,000 for the first time, as five regions including Central Otago Lakes hit all-time highs.
A buyer has been found for a Lake Hawea high country station involved for several years in controversial public access issues.
National housing asking prices have topped a record $570,000, and Auckland and the Central Otago-Lakes region are pushing well beyond $800,000.