Property prices in Canterbury crack half a million dollar

In October the average property price in Canterbury hit new levels, cracking the half-a-million-dollar mark for the first time after a 4.5 per cent increase to $502,800.

“Property prices in Canterbury have hovered around the $480,000 mark for the last couple of years but this new record could be a sign of things to come.” said Head of Trade Me Property Nigel Jeffries.

“We reckon Canterbury’s property market will see some strong price growth in 2020 demand is strong and after a long quiet period there are signs the region is starting to see a shift in the market.”

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