Steady Southern Star
It may be one of New Zealand’s smaller cities, but that hasn’t stopped Invercargill’s housing market from being a top performer in recent years. Sure, the city’s house prices have not hit the highs that those in other areas have. Not has its rate of growth belted along at the pace of others’ markets.
But Invercargill’s still affordable prices have seen very healthy growth, its yields have remained strong and its rental market has only got tighter. That has made it an increasingly attractive market for investors. In fact, heading into lockdown it was one of the markets to watch.