58 Mailer Street, Mornington, Dunedin

Introducing a boutique collection of just seven thoughtfully designed homes at 58 Mailer Street, Mornington. Offering a choice of two and three bedroom layouts, each with two bathrooms and at least one dedicated car park. Positioned for privacy and views, the homes along the eastern boundary (Lots 1–5) enjoy elevated outlooks across Dunedin to the Pacific Ocean, while the northern-facing residences (Lots 6–7) boast excellent street presence and all-day sun. Whether you’re looking for a stylish first home, a low-maintenance investment, or a downsized lifestyle without compromise, this development offers something for everyone.

Each home welcomes you with an open plan living, kitchen, and dining space, perfect for entertaining. The kitchens are a standout feature, with island benches, stone benchtops, and heritage-styled chrome tapware complemented by an interior designer-selected colour palette. Large sliding doors from the living areas open to private, sun-filled courtyards, creating a seamless indoor-outdoor connection. Clever storage solutions have been integrated throughout, including under-stair cupboards housing the hot water cylinder and washer/dryer combination unit.

Upstairs, each master bedroom offers a tranquil retreat complete with a built-in wardrobe and a private ensuite. Two-bedroom homes feature east-facing master suites with sweeping views, while the three-bedroom homes include a loft-style third bedroom with skylight, heat pump, and study nook, ideal for work-from-home flexibility or extra living space. Set in the heart of Mornington, one of Dunedin’s most established and amenity-rich suburbs. This address places you within walking distance of local shops, parks, schools, and public transport, with the CBD just five minutes away. This is modern living, tailored to suit your lifestyle.

Completion due Q1 2026

Location

This fully serviced suburb is just five minutes from Dunedin’s city centre and boasts a wide range of local amenities, including shops, cafés, a supermarket, medical centre, and excellent public transport links. Families will appreciate the nearby schools and kindergartens, while outdoor lovers can enjoy easy access to Mornington Park and Jubilee Park. With everything you need within walking distance, this location delivers on both practicality and community charm.

• Mornington Taphouse 130m

• Woolworths 210m

• The Octagon 2.6km

• Otago University 3.9km

• Saint Clair Beach 4.6km

Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate. Please download free analysis software to complete your own analysis. Our team can help you with this, so don’t hesitate to contact us.

Investment Analysis

Dunedin, located in the Otago region of New Zealand, offers a unique and promising property market characterized by steady demand and affordability compared to other major cities. The city is known for its historic architecture, vibrant student population, and stunning natural landscapes. The property market here has been buoyed by strong demand for residential housing, partly driven by its growing population and the University of Otago. With a significant portion of the population being students and young professionals, rental properties remain in high demand, creating a favorable environment for investors seeking consistent rental yields.

A notable driver of future growth in Dunedin is the city's planned infrastructure projects, including the development of the new Dunedin Hospital, one of the largest construction projects in the region's history. This $1.88 billion investment is expected to bring an influx of workers, boosting demand for temporary accommodation and contributing to the local economy. Additionally, plans $1.5 billion over the next 10 years for transport improvements, such as upgrades to the public bus system and cycleways as well as upgrades of pipes which aim to enhance connectivity and accessibility, making Dunedin an even more attractive place to live and invest in. The city council's commitment to sustainability and urban renewal projects is further expected to enhance the quality of life and property values in the coming years.

With shortage in homes and the infrastructure upgrades planned for Dunedin, Mailer Street presents a fantastic opportunity to invest in a two or three bedroom home from $665,000 and in return investors can expect rental yields to be north of 5%. This property also has the added benefit of including a rental guarantee for two years, which makes these homes more desirable for investors.

Current projects