Premium New Investments in Northlake Subdivision Stage 5

Northlake Subdivision, Wanaka
Price: $611,737

Invest in a premium subdivision in one of New Zealand's hottest growth markets for well below the current average house price for the region.

We are excited to offer the opportunity to invest well below the median home value in a location that has it all: a rising population, significant capital growth, a premium community-driven development and stunning scenery.

Wanaka is growing rapidly, owing to the tourism business and the increasing number of retirees and families moving there.

Northlake is one of Wanaka’s premier residential developments, well located close to the town centre, schools, Lake Wanaka, the Clutha River and all the recreational opportunities that they bring.

The developer is putting extensive investment into Village Centre making the subdivision attractive to owner-occupiers.

We are marketing two sections exclusively.

Most other (if not all) sites in the early stages have sold. You are investing at the start of subdivision before prices go up.

The lots are smaller, to keep costs down.

Strict covenants and rules controlling house designs will ensure superior homes will be built throughout the development and there will be a good mix of smaller lots with larger more expensive homes to maintain a good balance.

Both sections are only a short walking distance of the Northlake Village Centre, which will provide integral community facilities.

Over time this will comprise a child care centre, medical centre, cafes & convenience stores, post office boxes, The Northlake Leisure Centre, tennis courts, office spaces, children's playground and a swimming pool. Full investment briefs are available to interested parties.

Contact us today.

- The average house cost in the district is up 29.8% or $223,755 in the last year since October 2015 (QV)

- Wanaka median house price in October 2016 was $975,000 (QV)

- House rents in Wanaka are up 20.5% to $500 since October 2015 (QV)

- Wanaka's GDP grew 8.4% in 2015

- Future demand for residential housing is estimated to increase from 5,788 in 2011 to 8,550 in 2031

- There were 2,223 businesses in Wanaka in 2015, a 5.1% increase over the past 12 months

- 2 sections available in stage 5 at $609,545

Wanaka has seen considerable infrastructure spending including the $21.5m school Wanaka Primary (2010) and $1.2m extension in 2015.

$13.9m Wanaka Recreational Centre (2016), $19.5m water treatment plant (2009) This is an Off The Plan investment meaning that the property is EXEMPT from the current LVR restrictions put in place by the Reserve Bank.

This means that 80% lending (vs 60% current maximum on existing property) is possible on this property.

Titles on land due Feb 2018 and build schedule is completion approximately 6 months from there.

Act now to lock in your fixed price land and build costs and enjoy a year of further growth in one of New Zealand's hottest markets.

Property Summary
Area:House area: 125 sq. m
Web site:Click here »
Property ID:1812
Seller Details
Name: Sally Farmer
Company: I Find Property
Mobile: 029 300 7435
Email: Contact the seller »
Website: www.ifindproperty.co.nz
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