BUOYANT IN THE SOUTH
Jun 27, 2019
4 minutes
The Mid and South Canterbury markets are underpinned by a strong agricultural sector, and increasingly tourism, particularly in Timaru, which is a stop off on the way to the popular tourist destinations of Central Otago.
And now that the impacts of a change in government and the threat of mycoplasma bovis are both dying down, the economy is strong, unemployment is at 2.3% – far lower than the national average, and the property market is buoyant.
However, it can’t be compared to the markets of larger cities that experienced a “boom” in the last cycle – rather it’s “steady as she goes” says Harcourts Timaru agent Julian Blanchard.
“Timaru tends to operate in a bubble in terms of real estate
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