Property Management

Wanaka's boom has downside

`High living costs and insufficient remuneration rates in Wanaka are squeezing many first home buyers.' – Iain Weir (registered valuer) WANAKA – Median house prices in Wanaka have rocketed 93 percent in the past three years – while section prices have jumped by a whopping 135 percent, a new report reveals.

Sunday, October 26th 2003

Central Property Trust Ltd registered valuer Iain Weir reviewed the Wanaka property market to discover the median price for a Wanaka house was now $385,000 while the median section price now tops $200,000.

It was difficult to purchase sections under $150,000 or houses for less than $300,000.

"In addition a combination of high living costs and insufficient remuneration rates in Wanaka are squeezing many first home buyers," Mr Weir said.

Rental properties are also affected by high prices.

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Arrest follows rent stand-off

AIA - Go Home Loans	4.00
Unity First Home Buyer special	4.15
SBS FirstHome Combo	4.29
ICBC	4.49
Kainga Ora	4.59
SBS Bank Special	4.69
China Construction Bank	4.85
Co-operative Bank - First Home Special	4.89
BNZ - Std	4.99
ASB Bank	4.99
ANZ Special	4.99

China Construction Bank	4.95
Kainga Ora	4.95
ICBC	4.99
SBS Bank Special	5.29
Westpac Special	5.29
Co-operative Bank - First Home Special	5.29
BNZ - Std	5.35
AIA - Go Home Loans	5.35
ANZ Special	5.35
ASB Bank	5.35
Kiwibank Special	5.39

SBS Bank Special	5.49
ICBC	5.65
Kainga Ora	5.69
ASB Bank	5.75
BNZ - Std	5.75
AIA - Go Home Loans	5.75
Westpac Special	5.75
Kiwibank Special	5.89
Co-operative Bank - First Home Special	5.89
TSB Special	5.99
China Construction Bank	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.79
CFML 321 Loans	4.20
ICBC	5.39
Co-operative Bank - Owner Occ	5.69
Co-operative Bank - Standard	5.69
Kainga Ora	5.79
Pepper Money Prime	5.99
Unity Standard	6.04
Unity Special	6.04

Property Management

Wanaka's boom has downside

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