Back to Dunedin, New Zealand

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

2/31 Dowling Street, Dunedin Central, Dunedin City, Otago - Photo 2
2/31 Dowling Street, Dunedin Central, Dunedin City, Otago - Photo 3
1/21

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 Maps

Living 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
See all New Zealand listings

New Zealand at a glance

How New Zealand scores for American expats

💰Cost of Living
Expensive
🛡️Safety
Very safe
🗣️English Spoken
Widely
🏥Healthcare
Excellent
🌬️Air Quality
Clean
📶Internet
Moderate
🚶Walkability
Moderate
🚇Transit
Limited

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.

1

Understand the buying rules

Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.

2

Sort out your visa

Owning property doesn't give you the right to live there. Research residency options before you buy.

3

Plan your finances

Understand currency risk, international wire transfers, and whether you can get a local mortgage.

4

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.

5

Set up healthcare

Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.

6

Run the full checklist

Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.

Source

realestate.co.nz

Portal listings

Currency

NZD