NZ’s next boom town?

• Overseas property buyers are becoming a frequent sight in Oamaru, a once sleepy town on the South Island’s east coast.

Alan McLay, a former mayor and an agent with Ray White, said the town’s property market had sprung to life and house prices were now 15 to 20 per cent above rateable value.

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JOHN BISSET. Oamaru – known for its limestone architecture, coastal beauty and Steampunk museum.