Dunedin’s average home value increased by 2.6% over the summer to $652,147, bucking the national trend. "It’s interesting to note the relative strength of property values across much of the South Island compared with the North Island. Nationally, he said the housing market remained in a state of "steady as she goes" for now. "Listing levels and buyer demand are relatively well balanced, helping to keep property values broadly stable for the time being. "This will inevitably have implications for the housing market in the year ahead, as interest rates, employment trends and overall economic conditions continue to shape housing market activity."

Source: Otago Daily Times March 17, 2026 20:18 UTC