Southland property market hits all-time high

by Roxanne Libatique10 Jan 2020

Southland property market has reached an all-time high with a 21% growth in the average asking price, according to

Property prices in the region have reached the second-highest growth in New Zealand in 2019, with the average asking prices for properties in the region jumping from $309,053 to $374,636. The most expensive house being advertised on the property website is a three-bedroom Waikiwi home listed by Southland Real Estate for $1.5 million in September 2019.

Vanessa Taylor, sales and marketing head at, said the figure is the highest price that they have seen since they started keeping record 13 years ago.

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The increase may have been driven by the 40% fewer homes for sale in the region compared to the previous year – with recording an 11% drop in listings with only 138 Southland homes advertised on its website in December 2019.

“Low stock, teamed with high asking prices sees us close out the decade as a strong sellers' market,” Taylor said, as reported by

She also noted the country’s growing population, predicting that the country will grow by 60,000 people per year over a 10-year span.

“In 2020, the total population of New Zealand is estimated be nearing or exceeding 5,000,000, so we might see this stock shortage continue for some time,” Taylor said.

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