Residential property prices in Dunedin continue to rise. PHOTO: SHAWN MCAVINUEResidential house prices in Dunedin City have hit a record high. Institute chief executive Bindi Norwell said median house prices across New Zealand increased by 14.7% from $596,956 in September 2019 to a new record high of $685,000 in September 2020. The number of residential properties sold in September across New Zealand increased by 37.1% from the same time last year (from 6112 to 8377) — the highest number of properties sold in a September month for 14 years. Normally a month out from an election, potential buyers start to take a "wait and see approach" and sales volumes begin easing off.

Source: Otago Daily Times October 15, 2020 04:30 UTC