Booming Dunedin: Thousands of new homes needed for growing city
A doubling of house prices coupled with an influx of new residents means a previously stagnating Dunedin has to prepare for growing pains.
A council report notes the city's population was growing at a faster rate than it had historically, driven largely by domestic and international migration.
The city’s housing market was also growing, with the average value increasing by 99 per cent in the last five years - and reaching a record $650,000. in March
The council report said another 1512 homes would be needed in Dunedin in the next three years, while 4852 would be needed within 10 years and 9645 would be needed within 30.
Read more here.
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