Timaru real estate market in great shape

And while the property market in Timaru may have reached its peak, the Mackenzie district is enjoying a surge...

Twizel was also experiencing a resurgence, with one agent selling 50 properties there last year. Mr Burdett said prices of holiday homes in Twizel had risen from $50,000 to between $60,000-$70,000. Queenstown and Wanaka prices had forced may buyers out of the market and the Mackenzie district was a cheaper option.

Mr Burdett said investors were looking to buy rental property, especially in Waimate where homes were cheaper and offered a good return.

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