Dunedin Student & Residential Investment Update

Dunedin Student  Residential Investment Update

Quarter 4 2018

As 2018 draws to a close, we can reflect on a year that had months of strong head winds, fantastic tail winds and swirling gusts battering both sides of your investment portfolio. But overall, the market is in healthy condition and there are strong prospects looking into 2019.

The confidence levels in Dunedin are brilliant. Developers are developing, businesses are investing and the promise of the hallowed new hospital is underpinning positive perceptions. We have had many investors looking at Dunedin for the first time as they move away from the giddy prices of Auckland and Queenstown and see Dunedin as the next
thing.

This is backed up in the statistics. REINZ’s median price for all of Dunedin housing in November was $435,500, up 14.3% on a year ago, while the New Zealand (excluding Auckland) median was $575,000 up 7.8%. Dunedin is on the charge.

The investment sector is slightly more subdued, by not in a negative way. Investment property is typically more stable than the suburban counterparts that have their fluctuating years. Broadly speaking, the past year has seen rents increase substantially when compared to prior years and yields at sale have been squeezed down, meaning good increases in property value. The forecast of additional students and workers in the coming years is promising of this continuing pressure on rents.


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Dunedin Student & Residential Investment Update

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Matt Morton

Residential Investment Sales

Dunedin

Matt’s inception into real estate started in 2011 when he was was tasked with introducing the Colliers brand into the residential investment market in Dunedin. With 20 years of business and commercial management experience, Matt quickly developed a reputation in the real estate sector for a very high level of quality and professionalism and introduced a residential investment selling strategy that still exceeds buyers’ and clients’ expectations.

He is trusted by clients nationwide and abroad to deliver a smooth sales process leading to record sales, and his local knowledge and understanding of the market is called upon by an array of stakeholders throughout the investment property sector. Matt now leads the residential investment team in Dunedin and continues to command the respect of his peers and the investment community.

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