Dunedin Real Estate – Value and Lifestyle

Dunedin is located in the region of Otago, in the South Island of New Zealand. It is set amongst rugged coastlines and rolling forested hills. It has an enchanting combination of admirable heritage, architectural buildings, a bustling University and scenic vistas. Encouraging the modern culture that has developed in Dunedin, there are numerous art galleries, over 140 cafes, fine hotels and motels which are scattered throughout the city.Throughout the different suburbs within the city, the real estate of Dunedin is blessed with a plethora of well established family homes, flats and apartments; with construction styles varying from the historical to the Mediterranean and modern design. In other words, Dunedin offers those searching for a suitable property, a wide range of housing options from classic Kiwi homes to condominiums and luxury villas on the beach. The proactive local government provides numerous active leisure services and recreational facilities. There are community sponsored teams in soccer, rugby, netball and soft ball; for both adult and youth divisions. Dunedin, therefore, is an ideal location for outdoors enthusiasts, where biking and hiking trails, public beaches and one of the best marinas in the country are prominently featured. Water front properties can be found along Bay Shore, the Boulevard and Causeway. There are many side streets streaming off the city centre’s main roads, where many other residential areas can be found close to shopping and restaurant amenities.When compared over the period extending the previous five years, the price of real estate in Dunedin has never been better from an investment perspective. Local Dunedin estate agents have access to a wide variation of properties for sale in a wide range of price points. The current economic climate in New Zealand provides the ideal environment to purchase real estate in Dunedin, before interest rates and house prices start to rise again.Property prices started to increase in 2006, continuing through to the beginning of 2010, where the pressures of the global economic downturn affected the entire market of New Zealand. Prices have appeared to have stabilised, with Dunedin real estate offering some of the best value property in the country. The stabilisation of the housing market in recent months is presenting the perfect timing for investing in real estate in Dunedin prior to the realisation of increasing interest rates and prices. To access the information pertaining to the types, quality, pricing and availability of real estate in Dunedin, ensure that a professional consultant at a leading real estate agency is utilised.