The Southland property market has hit an all time high with an average asking price of $374,636 in December. Property prices in Southland have experienced the second-highest growth in New Zealand during the last year. Invercargill's property market grew by 16 per cent during 2019, according to data collected by CoreLogic. "Low stock, teamed with high asking prices sees us close out the decade as a strong sellers' market," Taylor said. The country was expected to grow by 60,000 people per year over a 10-year span, putting further pressure on the property market.

Source: Stuff January 08, 2020 03:33 UTC