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Christchurch bucks the trend as house values drop around the country

Christchurch bucks the trend as house values drop around the country
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Buyers splashing out on trophy homes in top Christchurch locations


“We wouldn’t have seen these buyers a year ago. These properties are trophies.”
An example was the $2.9 million auction sale on Friday of a Richmond Hill house, which set a record for the neighbourhood, Heazlewood said.
Supplied
CoreLogic s head of research Nick Goodall says a change in attitude meant people were moving out of Wellington city and going further afield. (FIle photo)
The house was designed by the seller, architect Regan Johnston, and has won several awards.
Heazlewood said among the drawcards were the ocean views and high-end fittings and finishes.
Agents were seeing buyers wanting properties that “ticked all the boxes” and they were not constrained by a budget, he said. ....

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