Otago median house prices at record high
National and Otago house prices are at an all-time record due partly to the pandemic as sales rally post-lockdown and people upgrade their homes where they're spending more time.
Business
Central property defies bad trends
Central property defies bad trends
Cashed-up expat New Zealanders are helping the Central Otago and Queenstown Lakes real estate market defy predictions of a downward spiral in a post-Covid-19 environment, agents say.
Dunedin property market ‘absolutely mental’
Dunedin property market ‘absolutely mental’
The Government needs to change the rules to help first-home buyers enter Dunedin’s “absolutely mental” property market, a frustrated house hunter says.
Vendors still expect high prices for houses
Vendors still expect high prices for houses
Asking prices for houses are still hitting record highs in some regions, but the number of listings is down.
Young home buyers eye up Otago properties
Young home buyers eye up Otago properties
For the first time in years, more people in their 20s are eyeing up the housing market, and interest is particularly high in parts of Otago.
Dunedin buyers 'lined up waiting' for lockdown to lift
Dunedin buyers 'lined up waiting' for lockdown to lift
Ex-pats desperate to get out of London and first-home buyers determined not to miss out on while money is cheap have inundated real estate agents with calls to inspect homes for sale from April 28.
ASB expects 6% house price decline, rapid recovery
ASB expects 6% house price decline, rapid recovery
Senior economist Mike Jones says March pricing data has confirmed that the national housing market has "barrelled into lockdown" and says Queenstown and the Southern Lakes region, which are being devastated by the impact on tourism, would be hardest hit.
‘The buyer’s going to become king’
‘The buyer’s going to become king’
Real estate agents are hopeful increased interest in property will translate to action once people can move more freely.
Owners list rentals, seek clarity
Owners list rentals, seek clarity
Airbnb properties are being converted to rentals in Dunedin in light of the Covid-19 outbreak.
Otago house prices up by almost 20%
Otago house prices up by almost 20%
The number of houses sold in Otago has increased by half on the previous month as prices continue to show large increases on last year.
House prices pushing Dunedinites north to Canterbury
House prices pushing Dunedinites north to Canterbury
Increasing numbers of frustrated Otago home hunters are heading to Canterbury, lured by newer and more affordable homes, local brokers say.
NZ House prices: 100 consecutive months of rises
NZ House prices: 100 consecutive months of rises
New Zealand house prices have not fallen since the 2011 Rugby World Cup - that's a "staggering" 100 consecutive months of year-on-year rises.
Homeowner questions consent process for hotel
Homeowner questions consent process for hotel
A Queenstown ratepayer’s upset a hotel developer’s going through the resource consent process without apparently satisfying council concerns.
Cost of building in South going up
Cost of building in South going up
Building material costs, high hourly rates for skilled tradies and increasing red tape are pushing building costs through the roof in the South, builders say.
Housing still less in South
Housing still less in South
House prices may be ratcheting up but the South Island is still the cheapest place in which to own or rent relative to annual incomes.
Multimillion-dollar slice of South Island paradise up for sale
Multimillion-dollar slice of South Island paradise up for sale
A stunning strip of coastal South Island land filled with forests, beaches and spectacular limestone cliffs is up for sale for $22.5 million.
Houseprices in Dunedin rise 20.8%
Houseprices in Dunedin rise 20.8%
Dunedin's house values are up by more than 20% on last year, which is more than double the increase in any other main centre, according to new figures.
Rents rising at fastest pace since 2008
Rents rising at fastest pace since 2008
Rents rose at the fastest pace in more than a decade in 2019, official figures show, amid strong demand and new rules for accommodation.
Prices put off would-be house buyers
'Losing hope': Prices put off would-be house buyers
Spiralling house prices in Dunedin are at crisis level, de-motivating first-home and other buyers.
Dunedin houses even more unaffordable
Dunedin houses even more unaffordable
Dunedin people are being evicted from their rentals and struggling to keep a roof over their head, as a new report reveals the city’s houses are more unaffordable than the capital's.