12 MONTH RENTAL TREND (MBIE APR23)
DAYS TO SELL (REINZ MAY23)
12 MONTH RENTAL TREND (TRADEME FEB 23)
MEDIAN PRICE (REINZ MAY23)
Southland is New Zealand’s most southerly region and includes the World Heritage ranked Fiordland National Park.
The region’s only city Invercargill offers a relaxed pace of life with wide streets, little traffic, spacious parks and gardens, striking Victorian and Edwardian architecture and impressive sporting facilities including New Zealand’s first indoor velodrome. Southland’s location is such that views of Aurora Australis or the Southern Lights are common.
The country’s lowest average house prices together with nationally competitive salaries offer many families a higher discretionary income than they can enjoy elsewhere in New Zealand.
Population: 102,500 (Stats NZ)
Forecast Population 2033: 105,300 (Stats NZ)
Median Price: $ 433,000
12 Month Pricing Trend: -3.6% (REINZ May23)
12 Month Rent Trend: +$42 p/w (MBIE Apr23)
Invercargill has a population around 57,000, and is seven hour’s drive from Christchurch and 1¾ hours by air from Auckland. Bluff serves as its seaport and is home to the fleet that dredges fresh oysters from Foveaux Strait from March till about August.
Southland has two distinct landscapes – expansive plains of fertile farmland crossed by trout-rich rivers, and Fiordland’s rugged, isolated coastline, inlets, lakes and mountains.
Mainstays of the region’s economy are agriculture, led by dairy farming – Edendale is the world’s largest raw milk processing plant – and sheep. The aluminium smelter at Bluff is another major employer.
Tourism is important. Fiordland National Park attracts around a quarter of the tourist dollars spent in New Zealand annually. Forestry is also significant as well as fishing. The Southern Institute of Technology offers zero-fees tuition for many of its courses which is making education increasingly important.
Southland is cooler and wetter than other regions of New Zealand. Invercargill temperatures range between 9-19°C in summer (occasionally getting up to 25°C) and between 6-9°C in winter.
Invercargill is New Zealand’s second windiest city.
Its relatively high latitude means the region enjoys nearly 16 hours of daylight at the height of summer but receives only around eight hours mid winter.
Information sourced from https://www.live-work.immigration.govt.nz/