Wanaka Average House Prices
In 2018 Wanaka median house prices went over the $1million mark.
Because of typical average incomes in Wanaka being lower than in the major NZ cities, Wanaka is known be one 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 thier slice of this desireable location.
First home buyers - A lot of the employment locally is tied to the tourisum and hospitatliy industries. Average income levels in these industries are one of the major factors limiting locals from securing property in the area. We find some lateral thinking, accessing KiwiSaver, HomeStart grants and clients pooling resources are key ingredients sometimes to helping our first home buyer clients to secure property locally.
Property Investers - with the changes imposed by the Reserve Bank of New Zealand, we are assisting more and more people to find soluotions where their bank has said no they cant help. This is a complex area, so it always pays to work with a mortgage adviser as they have this specialist knowledge.