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Housing

Housing in the district is a mixture of new subdivisions - especially in the main urban areas of Alexandra, Clyde, Cromwell, Ranfurly and Roxburgh - and character homes. Lifestyle blocks are increasingly popular, and a strong building industry serves the demand for new housing.

Rental housing ranges from $120 to $300 a week depending on locality and size. Overall the mean weekly rental in Central Otago, at $179, is less than the national average of $225 (Census, 2006)

For further information on real estate agents in the area use the following link and click on real estate.

In Central Otago District the average house price is $305,000, a decrease of 4% in the last 12 months. Average prices vary greatly within the district from Cromwell at $350,000 - $400,000, Alexandra at $300,000 to Ranfurly and Roxburgh at closer to $200,000. Bare residential sections range from $130,000 to $180,000 in Cromwell, Alexandra and Clyde to around $70,000 in Ranfurly and Roxburgh.

Residential properties in Queenstown and Wanaka, in the neighbouring Queenstown Lakes District, average more than $600,000.

Some average sale prices (Oct - Dec 2008) for residential properties in New Zealand’s four main centres are:
  • Auckland $494,000;
  • Wellington $411,000;
  • Christchurch $355,000;
  • Dunedin $259,000. (Sources: QV and Central Otago Real Estate Association)
Housing in the district is a mixture of new subdivisions and character homes
Lifestyle blocks are increasingly popular, and a strong building industry serves the demand for new housing
In Central Otago District the average house price is $305,000, a decrease of 4% in the last 12 months
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