112 Union Street, North Dunedin, Dunedin City, Otago
Dunedin, New Zealand
Guide Price
$716,300
1,235,000 NZD
PROPERTY TYPE
house
BEDROOMS
7
BATHROOMS
2
Description
Positioned at the very epicentre of campus life, this seven-bedroom investment represents a high-performing asset purpose-built to meet the unwavering demand of the student accommodation market. The ground floor immediately sets the tone, opening into a generous open-plan living and kitchen area designed for both durability and tenant appeal. The kitchen has been tastefully modernised, while the lounge offers a warm, inviting atmosphere reminiscent of a refined alpine retreat. This level is further complemented by two bedrooms, a full bathroom incorporating laundry facilities, and a separate toilet. An efficient and practical configuration for a high-occupancy setting. Upstairs, the property continues to impress five additional bedrooms, serviced by a second bathroom and separate toilet. Each room is thoughtfully fitted with built-in desks and wardrobes, catering directly to student expectations and reinforcing the property's purpose-driven design. What truly sets this investment apart is its rare combination of scale, location, and convenience. Off-street parking for four vehicles is a significant advantage in this tightly held precinct - an increasingly scarce feature that enhances tenant appeal and underpins long-term demand. The
location is exceptional. Just a one-minute walk to the Commerce Building, two minutes to the University Library and Polytechnic, and a short 5-minute stroll to Unipol and the Logan Park sports grounds. This blue-chip
location ensures consistent occupancy and ongoing rental resilience. Currently returning $1,490 per week on a fixed-term tenancy through to 11th December 2026, rental appraisal available for 2027. With proven performance, a highly functional layout, and an unrivalled location, this is an investment that aligns seamlessly with the core fundamentals of the student housing market: proximity, practicality, and sustained demand. A true blue-chip addition to any portfolio.
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
Lane 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


