Most Expensive Suburbs in Dunedin (2024)
Dunedin, a picturesque city on New Zealand’s South Island, boasts a diverse range of suburbs with varying property values. Here’s an overview of the most expensive suburbs in Dunedin, based on recent data and market trends.
Maori Hill
Median Price: $985,000
Maori Hill consistently ranks as Dunedin’s most expensive suburb, it remains at the top of the list despite experiencing a decline from $1.1 million a year earlier. This affluent neighbourhood is known for its:
- Prestigious location
- High-quality homes
- Excellent views of the city
- Proximity to top schools and amenities
Mount Grand
Median Price: $1,120,000
While not as consistently mentioned as Maori Hill, Mount Grand has shown significant property values. It’s worth noting that there are a low volume of home sales in the area.
Blackhead
Median Price: $1,270,000
Saddle Hill
Median Price: $1,030,000
The Cove
Median Price: $935,000
Chain Hills
Median Price: $1,120,000
Factors Influencing High Property Values
Several factors contribute to the high property values in these suburbs:
- Location: Proximity to the city center, educational institutions, and amenities
- Views: Many of these suburbs offer panoramic views of Dunedin and its surroundings
- Property size: Larger sections and homes are common in these areas
- Historical significance: Some suburbs feature heritage homes and established neighborhoods
- School zones: Many of these areas are within zones for highly-regarded schools
Market Trends
It’s important to note that Dunedin’s property market, like many others, has experienced some fluctuations:
- All 62 analyzed Dunedin suburbs saw a drop in median values in the year to June 2023
- The declines ranged from a modest 0.3% in Vauxhall to 13% or more in areas like Roslyn and North Dunedin
- Despite these declines, nine suburbs saw values rise over the quarter ending June 2023
While Dunedin’s property market has seen some recent declines, suburbs like Maori Hill, Mount Grand, and Blackhead continue to command the highest property values in the city. These areas offer a combination of desirable locations, quality homes, and attractive amenities that appeal to high-end buyers. As with any real estate market, potential buyers should conduct thorough research and consult with local experts to make informed decisions about property purchases in these prestigious Dunedin suburbs.