Wanaka Average House Prices

2021 - Wanaka average house prices went over the $1million mark for a time back in 2018.

Due to average incomes in Wanaka being lower than in the major NZ cities, Wanaka and Queenstown are known to be some of the most unaffordable places to reside in NZ. The competition to attain property locally is strong as people from throughout NZ and even overseas all seek to secure their slice of this desirable location. Working remotely since COVID19 is an increasing trend with many locals now choosing to base themselves where they feel they will have best balance of lifestyle and work. 

First home buyers - A portion of the employment locally is tied to the tourism and hospitality industries. Average income levels in these industries are one of the major factors limiting locals from securing property in the area. However the construction sector and strong demand for new housing has meant that the trades are in short demand and can attain higher levels of income. With the help of your broker and some lateral thinking, accessing KiwiSaver, HomeStart grants and clients pooling resources are key ingredients sometimes to helping  first home buyer clients to secure property locally.

Property Investors - with the changes imposed by the Reserve Bank of New Zealand, we are recieving an ever increasing number of requests to be connected to a broker. Frequent changes to the requirements for second homes has meant more people on average are seeking solutions where their bank has told them no. This can seem at times a complex situation, so choose the easy option and let a mortgage broker do the hard work and explain things in simple and easy to understand terms.

Local resources :

Wanaka Council rates and Government Valuation figures: https://www.qldc.govt.nz/services/rates/

Houses for sale in Wanaka: https://www.realestate.co.nz/residential/sale?by=featured&lct=d300&ql=20

Wanaka guide: https://www.Wanakanz.co.nz/