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Waitaki property prices soaring

The property boom has hit the Waitaki district, with a stellar 127 per cent rise in land values and a 51 per cent capital-value increase in the past three years.

Wednesday, November 26th 2003

Coastal and lakefront property is in particularly hot demand, with sale prices up to 10 times the 2000 valuation in places like Moeraki and Shag Point and a five-fold leap in Kakanui.

The rises confirm what real estate agents say they have known for some time – that North Otago's days of low-priced property are over.

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