2/31 Dowling Street, Dunedin Central, Dunedin City, Otago
Dunedin, New Zealand
Guide Price
$277,820
479,000 NZD
PROPERTY TYPE
Condo
BEDROOMS
2
BATHROOMS
1
Description
Originally developed within the former Excelsior Hotel, the Excelsior Apartments seamlessly blend central city convenience with the timeless character of a heritage building. After many enjoyable years here, the vendor is ready for their next chapter, creating an excellent opportunity for a new owner to secure this spacious 113m2 (+/-) two-bedroom apartment. Positioned on a single level for ease of living, the apartment is accessible via both lift and stairs. Step inside and be greeted by a light-filled, expansive living and dining area, complete with a heat pump for year-round comfort. The well-appointed galley kitchen offers excellent storage and
features a beautiful leadlight window, adding a touch of character and charm. Both bedrooms are generous in size, with the front bedroom enjoying great natural light. The bathroom includes a shower-over-bath, vanity, toilet, and a convenient laundry space. Living here means being right in the heart of the city. Cafes, cocktail bars, and some of Dunedin's finest restaurants are just outside your door, while the Octagon, Hospital, and University are only a short walk away. A bus stop is located right outside for added convenience, and car parks
nearby are available to lease if required. This property offers versatility and appeal - perfect for university students, young professionals, investors seeking a long-term rental or Airbnb potential, or anyone in need of a stylish and practical city base. Opportunities like this are rare in such a sought-after location. Book your viewing today and experience the lifestyle Excelsior Apartments has to offer.
Location
Open in Google MapsLiving in Dunedin
Morning surf before work, weekends tramping through Lord-of-the-Rings landscapes, and a laid-back culture where shoes are optional and nature is never more than ten minutes away.
Visa
Skilled Migrant Category Resident Visa — points-based system requiring a skilled job offer in NZ. New pathways opening August 2026 for trades workers and those with 5+ years experience. Accredited Employer Work Visa is the faster route if you already have a job offer.
Learn more: The Complete Guide to Moving to New Zealand→Key Fact
NZ has strict biosecurity laws — importing food, plants, or outdoor gear can result in heavy fines. The work-life balance is exceptional, but the job market is small and remote from everywhere.
Learn more: What You Need to Know Before Moving Abroad→New Zealand at a glance
How New Zealand scores for American expats
Cost of buying in New Zealand
Estimated fees and ongoing costs for this property
Closing Costs
3-5% of purchase price
- ·No stamp duty
- ·Legal/conveyancing: NZ$1,500-3,000
- ·Building inspection: NZ$500-800
- ·LIM report: NZ$300-400
Annual Costs
Property Tax
0.3-1.5% of government valuation (varies by council)
Insurance
NZ$1,500-3,000/yr
HOA / Condo Fees
NZ$300-600/mo for apartments (body corporate)
Good to Know
Agent Fees
Seller pays (2.5-4%)
Foreign Buyer Note
Foreign buyers BANNED from existing homes (2018 ban). Can only buy new-build apartments in large developments.
Legal help in New Zealand
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in New Zealand?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Clayton Sievwright - Edinburgh Realty Ltd (Licensed: REAA 2008) - Dunedin
Next steps for moving to New Zealand
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
realestate.co.nz
NZD


