NORTH CANTERBURY MARKET

December 2022 - February 2023

premises for lease, there is ample opportunity for new operators to join the growing village.

Over the past 5 years the markets in the three villages - Culverden, Rotherham and Waiau have continued to thrive. First home buyers have been the main drivers, with affordability being the attraction. Many first home buyers have simply been priced out of the market nearer big cities or in the neighbouring town of Hanmer Springs. Combining the three villages, the median sale price is just $410,000.

Currently there is a lack of stock with each village only having 1 or 2 properties available. Historically, construction of new homes has been very minimal. This is slowly improving with a few new dwellings recently completed and more in the pipeline with several recent section sales.

While employment throughout the area is plentiful, and prices remain affordable, the North Canterbury area is a great place to invest.

Information sourced from REINZ as at 13th February 2023