PHOTO: Wānaka. FILE
Wānaka’s breathtaking scenery and relaxed lifestyle make it one of New Zealand’s most desirable places to live—but that privilege comes at a hefty price. A recent council survey reveals that while 76% of residents rate their quality of life as “good or better”, the rising cost of living, skyrocketing house prices, and high everyday expenses are making it increasingly difficult for many to afford life in this South Island paradise.
Living in Wānaka Comes at a Premium
The so-called “Wānaka tax” isn’t just about million-dollar homes; it extends to groceries, fuel, rent, and essential services, all of which cost significantly more than in other parts of the country.
📈 Median house price: $2.057 million (up 3.9% from last year)
🏠 Average rent: $825–$880 per week (compared to $495 in Invercargill)
🚗 Fuel prices: Up to 19 cents per litre higher than in Dunedin or Gore
🛒 Grocery prices: Up to $7 higher per shop than in nearby towns
For families visiting the supermarket multiple times a week, these extra costs quickly add up to hundreds—if not thousands—of dollars more each year.
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Housing Costs Squeeze Residents
Wānaka’s housing market continues to soar past national averages, making it increasingly unaffordable for middle-income families, first-home buyers, and renters. Despite the rise in house prices, the survey found housing insecurity slightly improved, with the number of residents struggling to find stable accommodation dropping from 21% to 18%.
However, nearly 30% of Wānaka locals report having no disposable income, up from 21% in 2023, indicating a growing financial strain on households.
Limited Job Opportunities and High Living Costs
Wānaka isn’t just battling high property prices—residents also report limited career growth and job opportunities. Only 38% believe there are good career prospects in the area, down from previous years. Many struggle to find work that pays enough to keep up with Wānaka’s rising costs, leading to an exodus of young professionals and skilled workers.
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Mayor Acknowledges ‘Growing Pains’
Mayor Glyn Lewers admitted affordability is a major issue, but remains optimistic.
“These are challenging times with affordability issues and the growing pains that come with ongoing rapid growth. But to see so many in our community still feeling positive about their quality of life is heartening.”
The Queenstown Lakes District Council (QLDC) is collaborating with housing trusts and the central government to tackle affordability and diversify the local economy.
Is Wānaka Becoming a Playground for the Wealthy?
With property prices continuing to climb, wages stagnating, and the cost of essentials far exceeding national averages, many are asking:
👉 Can the average Kiwi still afford to live in Wānaka?
👉 Will Wānaka become a destination only for the wealthy?
👉 Is enough being done to control soaring costs?
What do you think? Share your thoughts in the comments!
SOURCE: ODT