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Harcourts Wanaka

Your Real Estate Specialists Servicing Wanaka, Albert Town, Lake Hawea, Hawea Flat, Luggate, Cardrona, Tarras, Makarora and Surrounding Areas

This Weeks Open Homes

65-93 Lakeside Rd 12.00-12.30pm Wed 3 Feb From $1.695m
       
53 Beech Street, Wanaka 1.00-1.30pm Fri 5 Feb Auction 26/02/2016
       
Lots 9, 10 & 13 Grandview, Wanaka 11.15-11.30am Sat 6 Feb From $900,000 
45/47 Tenby Street, Wanaka 11.45-12.15pm Sat 6 Feb $899,000
2 Primary Lane, Cnr Dungarvon/Tenby St, Wanaka 12.15-12.30pm Sat 6 Feb $649,000
65-93 Lakeside Rd 12.45-1.15pm Sat 6 Feb From $1.695m
53 Beech Street, Wanaka 1.00-1.30pm Sat 6 Feb Auction 26/02/2016
17b Mataraki Place, Wanaka 1.00-1.30pm Sat 6 Feb Auction 26/02/2016
44 Kelliher Drive, Wanaka 2.00-2.30pm Sat 6 Feb $1,195,000
       
53 Beech Street, Wanaka 1.00-1.30pm Sun 7 Feb Auction 26/02/2016
120A Lachlan Ave, Wanaka 2.00-3.00pm Sun 7 Feb $1,295,000
       
53 Beech Street, Wanaka 1.00-1.30pm Mon 8 Feb Auction 26/02/2016

Property Focus



WANAKA IN A SWEET SPOT

Wanaka is in a ‘sweet spot’ right now with solid population and visitor growth aiding a strong property sales market and buyer behaviour indicating a positive outlook for New Year.

We’re experiencing a lift in interest from wider New Zealand (largely Christchurch and Auckland buyers) as increasing numbers of baby boomers look to move for lifestyle or retirement. Others want to secure a piece of Wanaka as their family holiday destination, and locals are moving about town to ensure property goals don’t slip away as prices continue to rise. This creates positive pressure on supply of goods and services to growing numbers of consumers. Section sales have been strong, with larger developments being sold off before titles are issued. This is being
fueled by increasing buyer interest, low interest rates, a supply shortfall igniting speculators to build family and holiday homes in Wanaka and surrounds. The town’s attracting people looking to live AND work away from the conventional corporate office.

Good opportunities still abound for buyers and sellers so talk to us today about achieving your real estate goals.

SECTIONS THE REAL ‘HOT TICKET’ IN CENTRAL OTAGO

Looking back on the past six months it’s been a hugely busy and successful time for Highland Group Harcourts offices across Otago, with some true highlights. Queenstown Airport has announced a $17m series of major airfield infrastructure improvements designed to pave the way for evening
flights in winter 2016. The airport continues to post double-digit growth figures for domestic and international tourist visitors, adding to the overall aura of positivity.

Plans for a $50m gondola linking Remarkables Park and The Remarkables recreation area were recently announced, a huge coup for the region’s tourism infrastructure and activity offerings, and new retail offerings at Five Mile and surrounds underpin the town’s overall growth. Sections have been the real ‘hot ticket’ in Cromwell, Queenstown and Wanaka – the astonishingly fast sale of Bowen Cottages in Queenstown is indicative of the need for affordable homes across the district. There’s certainly an appetite for more in-town development. Should there be more visionary entrepreneurs looking at immediate high-density developments for long-term living, addressing social issues of affordability and high rents?

The country’s ‘group’ building companies are in the market in force, another great indicator that the property market’s booming. Wanaka in a ‘sweet spot’ with its residential property market strong and an increase in tourism and construction/trade opportunities. Cromwell median house prices have broken the $400k barrier for the first time since January when sales volumes were half today’s levels, and homes are selling faster in Alexandra.  Dunedin’s being showcased to increasing number of regional visitors as the sell-out Fleetwood Mac concert showed.