Values in Dunedin continue their upward trend having increased 10.1% in the year to July and 1.8% over the past three months. The average value in the city is $411, 669.
QV Dunedin Property Consultant Tim Gibson says: “The rate of value growth has certainly dropped, with quarterly growth much below the annual growth rates across most areas. We believe this is mostly to do with the usual winter slowdown and a period of consolidation after a sustained period of growth.
“In saying this, low-to-mid value properties continue to attract plenty of demand. Interestingly, investor activity remains relatively high and it continues to grow which is different to most areas in New Zealand which is experiencing a drop in investor activity. We believe this is due to relatively low values and some great lifestyle properties on offer near the CBD or the beach.”
