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Canterbury lifestyle property in high demand as lifestyle seekers flock to the region

Canterbury lifestyle property in high demand as lifestyle seekers flock to the region

Demand for Canterbury lifestyle property has soared during the first half of 2021, according to Colliers’ rural lifestyle specialists.

Defined as a home on rural land outside the town boundary, lifestyle property has followed the same general trajectory as the residential market with values rising rapidly throughout the past year, driven by strong demand and low supply.

The median sale price for lifestyle property in Canterbury has increased by 12 per cent over the 12 months to May 2021, with values reaching an average sale price of $589,262, according to research by Colliers.

Richard Innes, Colliers lifestyle expert says the increased demand is largely coming from outside the region.

“While lifestyle property has always been highly sought-after in the Canterbury market, we’re seeing a huge increase in enquiry from outside of the region as people look to make major lifestyle changes off the back of Covid-19.

“Covid has acted as a catalyst for change with many people taking the opportunity to reassess their circumstances and more carefully consider their home environments.

“Bordered by a stunning coastline on one side and an impressive mountain range on the other, the Canterbury region has a lot to offer people looking for a lifestyle property, with the added benefit of exceptional value for money compared to other main centres.”

Fellow Colliers lifestyle expert Jeremy Gould adds that the shift to remote working has also contributed to increased demand for lifestyle options, in some cases well beyond their areas of work.

“Widespread adoption of remote working has allowed more flexibility in housing decisions as many people are no longer required to commute to offices every day.  

“We have buyers that are able to work just one or two days per week or per month at offices in Auckland or Wellington, which is an easy commute from Christchurch airport, and allows them to have ‘the best of both worlds’", says Gould.

Colliers’ Mick Sidey says that buyers from outside the region have also strengthened values at the top end of the market as people ‘cash out’ of main centres where property values are at record highs.

One example is the recent sale of a lifestyle block in West Melton. Comprising a four-bedroom home on over 10 hectares of land, the property attracted strong interest, and a number of offers, from across New Zealand and offshore.

Sidey says the buyer came from Auckland and is one of several active buyers from the North Island who are looking for opportunities in the West Melton area, which is popular for its access to the city and airport.

Alex Cooney, rural sales broker at Colliers notes that ex-pats returning home are also contributing to increased demand and rising prices.

“New Zealanders returning from overseas who often have large budgets from property sales in larger, international cities or held higher salaries overseas, see the Canterbury region as offering a huge amount of value for the price.

“For families, the quality of education in the Canterbury area is another major drawcard. There is a high number of well-regarded private secondary schools, as well as two world-class universities and ARA, the largest vocational training institute in the South Island, all being within 30 minutes’ drive from most lifestyle areas.”


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Jeremy Gould

Rural and Lifestyle Sales Advisor | Canterbury

Christchurch (Rural)

Jeremy has teamed with Richard Innes and together they specialise in the marketing and sale of rural and lifestyle properties throughout the Christchurch and Selwyn Districts of Central Canterbury including Lyttelton Harbour and Banks Peninsula.

With a proven track record across a wide range of property from larger rural and lifestyle properties through to client’s residential properties, this experience has provided them with the advanced skills and knowledge to consistently deliver outstanding results.

Jeremy has over 20 years of experience in the stock and station industry in Canterbury and Marlborough. Through holding positions in finance and senior management, including Real Estate, Jeremy has an immense amount of experience in deal negotiation behind him. His business experience is further supported by a Bachelor of Agricultural Science from Lincoln University and a Diploma in Business Studies (Real Estate) from Massey University. He has had over ten years actively selling as a Real Estate professional.

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Mick Sidey

Rural and Lifestyle Sales Advisor | Canterbury

Christchurch (Rural)

Since joining the industry nine years ago Mick has firmly established himself in the Canterbury real estate market.

Mick brings with him over 30 years’ experience in the rural and lifestyle sectors in both sales and marketing.  This experience helped develop Micks strong negotiation skills.  Coming from a farming background in North Canterbury, his experience includes being a successful stock agent plus managing and growing his own farming operation. Mick enjoys utilising his knowledge of the rural industry and applying his energy and enthusiasm to provide a quality and successful service to both lifestyle and rural markets throughout Canterbury.

With a strong focus on integrity, teamwork and trust, Mick pays close attention to detail and works tirelessly to achieve results.  His enthusiasm, passion and exceptional customer focus, combined with the superb tailor-made marketing services Colliers has to offer, makes Mick the recipe for success for your next property transaction.  His professional attitude combined with his personable and trustworthy approach makes for sound, long term client relationships.

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Alex Cooney

Rural Sales Advisor | Canterbury

Christchurch (Rural)

Alex has a strong rural background having built a career servicing the rural sector. A graduate of Lincoln College with a Bachelor of Commerce (Agriculture & Management), Alex worked for a National rural supplies company in the Waikato before taking up a position as a rural manager with ANZ Bank in South Canterbury. In these roles Alex has developed a wide range of skills across finance and farming operations as well as environmental and operational knowledge.

Alex added to these skills when travelling abroad taking up a role as a Credit Analyst for Credit 4 in London and travelling for 18 months before returning to join Colliers International.

Alex believes in building strong relationships with his clients that allows him to understand what is required to consistently achieve the best results. His experience in the rural field sees Alex well positioned to add value to the sales process. His collaborative, friendly nature and ability to relate to a large cross section of people from farmers to rural professionals will ensure  the very best outcomes are achieved every time.

Alex has lived in Canterbury for over 6 years, the people and the relationships he has formed in that time is what drives him and he will utilise his growing knowledge of the area, rural expertise and sales skills to assist others in achieving their goals. If you would like to speak to a Central Canterbury expert, contact Alex Cooney today 

 

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