House sales across Dunedin, Central Otago and the Queenstown Lakes District picked up in May, as did median prices, which were up in a range from 8% to almost 19%.
‘‘Horrifying’’ house prices and a ‘‘ridiculously’’ small number of properties for sale is making Dunedin ‘‘a seller’s market’’.
Gains in national average house values are waning in the face of winter, but regional areas continue to go from strength to strength, some still hitting double-digit growth.
Southland shone through as the largest median house price percentage gainer around the country in April, as prices rose more than 22%, to a record $300,000.
Property managers Cutlers Ltd have apologised and taken down a Facebook post calling for tenders to rent a notorious flat after backlash on social media where it was labelled by some as exploitative.
For the third consecutive month, Dunedin led quarterly house price gains in main centres around the country, with an increase of 4.9%. Other southern regions are also putting in a strong showing.
A Chinese company that made headlines for backing out of a controversial, multi-million dollar land sale last year wants to build a hotel at Queenstown’s Remarkables Park.
For the second consecutive month Dunedin has topped the list of house value gains of main centres across the country - with an annual gain of 13.3%, five times the national 2.6% gain.
While there is still a good selection of dairy farms available in Southland, there have only been a limited number of sales in the province compared to previous years, according to the Real Estate Institute of New Zealand.
The prefab industry says it's at a critical tipping point, as it waits for the government's promised building reforms to get underway.
The volume of residential house sales across the country plunged almost 10% in February, but prices continued to rise in 15 of 16 regions, records being set in five places.
Dunedin's house values have notched up the largest annual percentage gain of all the country's main centres - up 14.3% against February last year.
Yet another Queenstown hotel development’s in the pipeline, with a mega new complex planned for Gorge Road.
A Man Street property above Queenstown’s CBD – up for auction on Thursday – presents major redevelopment prospects thanks to a council plan change.
A housing summit will be held in Dunedin as the city's property market creaks under the pressure of population growth and increasing costs.
The health costs of New Zealand's poor housing could be more than $145 million a year, a new study shows.
New Zealand's major cities are in the grip of a rental squeeze that is not only hitting students, including in Dunedin, but also pensioners and young professionals working as teachers, chefs and engineers.