Booming property sales in Cromwell were spilling over into Clyde and Alexandra, Central Otago real estate agents said.
Tuesday, February 11th 2003, 8:52PM
by The Landlord
Bayleys agent Mat Andrews of Wanaka said the average price paid for sites between 1200 and 1600 square metres was $149,000.
Nearby the tiny historical town of Clyde is also cutting itself a slice of the action. A character home "Dunstan Cottage" sold at auction yesterday for $255,000.
It's capital value is $85,000.
LJ Hookers agent Garry Sutherland of Alexandra said the market was moving into Clyde because Cromwell property prices had escalated out of reach already.
