On the Ground in the Christchurch Property Market | Ep. 200

In this episode, Micky Limmer from Bayleys Canterbury joins the show to talk about the current dynamics of the Christchurch property market. 

Micky mentions that the Christchurch property market tends to move in 5-year cycles, based on data crunched by Knight Frank, a valuation agency. From Micky's view, the Christchurch market has been flat for the last 3 years and he is seeing pent up frustration that is leading to house price inflation. 

More people are turning up to open homes and to auction rooms. And in those auction rooms, bids are getting higher. 

Most critical to this pent up frustration is the idea that Christchurch is becoming a 'viable option' for Cantabrians who moved away from Christchurch during the Canterbury earthquakes. 

The city is developing, becoming more magnetic and attracting these people back into the city from Auckland and overseas. 

This is not just because Christchurch is affordable relative to the rest of the country – Christchurch is the 12th most affordable city in New Zealand, yet it is the 2nd largest city – but also because of its typography. 

The city is flat and by beaches and opportunities for outdoor activities surround the city. The Lyttleton port is 15 minutes drive from the centre of town, as is