PHOTO: Wanaka. FILE
Humble Wanaka holiday homes could set buyers back about $1million this summer, while trophy homes now cost at least $5million, according to recent real estate sales figures.
The average Wanaka house sale price in November was about $1.64million, one Wanaka real estate company said in a recent newsletter.
The company sold 13 houses for more than $2million in November, including a two-bedroom home on a 1153sqm property in Lake Hawea for $2.5million and a six-bedroom house on a 4024sqm property in Wanaka for $5.7million.
The Otago Daily Times understands Bayleys Wanaka sold a Beacon Point Rd home for about $5.5million this month.
Wanaka’s soaring prices match national trends.
Just over 43% of total house sales in New Zealand in November were for $1million or more, the Real Estate Institute of New Zealand (REINZ) said in a report released on December 13.
READ MORE VIA ODT
MOST POPULAR
Jacinda Ardern’s wedding to be at billionaire’s homestead
Mike Pero agents fined $25,000
Abandoned land for sale
‘Racist’ real estate ad pulled following 1News investigation |WATCH
Real estate agents say sanity is returning to housing market
Meet the showman auctioneer, earning THOUSANDS of followers | WATCH
McDonald’s worker buys his FORTIETH home before his 30th birthday
New Zealand’s most and least affordable streets revealed
Max Key – The Property Developer
Dad retires early after making $250k a year from vast property portfolio