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

Unity First Home Buyer special	3.95
SBS FirstHome Combo	3.99
TSB Special	4.49
ICBC	4.49
Kiwibank Special	4.49
SBS Bank Special	4.49
Co-operative Bank - First Home Special	4.55
Kainga Ora	4.59
ASB Bank	4.59
Unity Special	4.59
AIA - Go Home Loans	4.59

ICBC	4.89
Kiwibank Special	4.89
Kainga Ora	4.95
China Construction Bank	4.95
ASB Bank	5.09
TSB Special	5.09
Unity Special	5.09
SBS Bank Special	5.09
Nelson Building Society	5.09
BNZ - Std	5.09
AIA - Go Home Loans	5.09

Westpac Special	5.59
ICBC	5.65
Kainga Ora	5.69
TSB Special	5.69
SBS Bank Special	5.69
AIA - Go Home Loans	5.69
ASB Bank	5.69
BNZ - Std	5.79
Kiwibank Special	5.79
Co-operative Bank - Owner Occ	5.89
China Construction Bank	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank Special	5.65
Kiwibank	5.65

Property Management

Wanaka's boom has downside

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