36 Marlow Street, St Kilda, Dunedin

36 Marlow Street offers a compelling investment opportunity in the steadily growing Dunedin market. With median weekly rents for St Kilda sitting around $550, investors can expect healthy gross yields of close to 5% or more. Dunedin continues to experience strong tenant demand, driven by a mix of professionals, families, and students. A particular shortage of warm, dry, and energy-efficient housing in the city means new developments like Marlow Street, with heat pumps, double glazing, and insulation, are highly attractive to renters who are willing to pay a premium for comfort and quality.

Capital growth prospects in the area are also underpinned by significant infrastructure investment. The $1.9 billion rebuild of Dunedin Hospital, currently underway and due for completion by 2031, is the largest health infrastructure project in New Zealand. Alongside this, the city is experiencing a surge in complementary projects including road upgrades, water infrastructure improvements, and education expansions like the Polytechnic redevelopment. These projects are drawing in hundreds of skilled workers and support staff, increasing immediate and future demand for nearby housing, particularly well-located, easy-care rentals like those at Marlow Street.

St Kilda’s location further strengthens the investment case. Just minutes from local beaches, parks, and highly regarded schools like Musselburgh School and Tahuna Normal Intermediate, the suburb appeals to long-term tenants looking for lifestyle and convenience. Its proximity to central Dunedin and key employment hubs makes it a desirable residential location for both existing residents and those relocating to support infrastructure development.

With construction due for completion before Christmas, investors have the opportunity to secure a brand-new asset in a prime area timed perfectly for the summer rental market. Fully landscaped and fitted with Fisher & Paykel appliances, stone benchtops, and functional layouts, these townhouses are built to meet both tenant expectations and healthy home compliance standards. The combination of strong rental returns, long-term capital growth, and location-based demand makes 36 Marlow Street a smart addition to any property portfolio.