Photo: ODTDunedin's hot property market is showing no signs of slowing down, according to the latest figures out from valuations company CoreLogic. Dunedin's average property values rose to $514,680 - an 8.7 percent rise from the previous quarter. When comparing annually, the numbers are even greater, the southern city's property values rose by 18.3 percent - figures not seen since 2005. CoreLogic head of research Nick Goodall said a key reason Dunedin's property values had risen so dramatically was a lack of listings and banks loosening serviceability rates. Dunedin's average property values are now ahead of Christchurch's ($507,852), which is continuing its recent trend of stagnant growth due to an oversupply of houses.

Source: Otago Daily Times January 07, 2020 19:07 UTC