Macs Wanaka August Newsletter

Hi There,

Another month has passed and there is definitely a spring feeling in the air. As I write this it’s a clear calm day, the lake is like glass and it 10 deg outside.

With spring just around the corner now is the time to be looking to put your property on the market so if I can help at all just get in touch.

As we look back at July, you’ll see in the numbers a rather obscure month. Properties sold in less than a third of the time compared to this time last year, yet the number of sales dropped a third. Section sales held steady, which indicates a resurgence of interest in building. These figures, in fact, represent activity that occurred in May, when actual contracts were drawn up. It would be fair to say that our area felt the compounding winter and economic conditions typical of that time of year take their effect slightly more diligently this time round.

The good news is we have made it through another pre-winter period and can look forward to the remaining eleven months in our town being spectacular.

On the ground we would describe current activity as fairly energetic. We have an impressive range of property on our books and an energized team talking to buyers every day.

We breathe a collective sigh of relief as we bid farewell to the ‘inversions’ and welcome back the peep toe.

Tourism remains positive with Statistics NZ reporting for June 2010: visitor arrivals from Australia numbered 76,200, up 7% from June 2009, combined visitor arrivals from China, Japan and Korea were up 6,900 or 86%, China was 5,500 similar to 2006 and 2008, prior to the H1N1 outbreak. However, arrivals from Japan and Korea were still well below June 2008 levels. There were fewer visitors from the United Kingdom down 13% and the United States down 8%.

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Wanaka Area Property Sales- Month of July 2010

Wanaka Area Sales Mix – July 2010 (20 Sales) comparing July 2009 (30 Sales)

Analysis of Sell Price: (Residential only) July-2010 comparing July-2009

July Sales by Area and Sell Method

Sales by Area / Suburb (Residential Homes, Townhouses & Units (Total 13 Sales)

·          12 sales by Private Treaty sell method (92.5%)

·           1sales by Auction method sell method (7.5%)

·           Sell prices ranged from $285,000 (Tenby St unit) through $1.95m also for a Tenby St unit

Sales by Area/ Suburb (Sections/ Vacant Land) –Total 7 Sales:

·          All 7 sales by Private Treaty (100%)

·          Sell prices ranged from $97,000 (Bodkin St, Lake Hawea) through $490,000 for a Far Horizon property situated on Elderberry Crescent

Sell Method July 2010:

Data Source: REINZ

Disclaimer:

While every effort has been made to ensure the information contained herewith is true, no responsibility will be taken for errors or omissions. You should seek your own independent advice from your legal, taxation and financial consultant prior to purchase.

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Presented below is a sample of property from our portfolio and we encourage you to visit our website to review the full scope of our property for sale.

We trust you found this newsletter informative and as ever I would welcome your enquiry to share further context, advice and know how on the Wanaka property market.

View our complete property portfolio

Regards

Mac Passmore
0275 424 663
mac@wanakalifestyle.co.nz

Properties for Sale

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Look To The Hills

$129,000 

20 Nichol Street Lake Hawea

A great opportunity to secure an established section at Lake Hawea - 851m2 section with all town services that is ready for you to begin planning and building you home now. Priced to sell now.... View Property »

Front Row Advantage

$315,000 + GST (if any) 

Unit 10/12 Frederick Street Wanaka

Here is your opportunity to Invest in a commercial Unit/Showroom. Benefit from the front row position and become an owner/operator in the hub of the Wanaka Hills Business Park or just get tenants. A simple and sound investment! Pick up the phone to... View Property »

On My Way Through The Woods

$410,000 

24b Bills Way Wanaka

Sitting up on the Rippon hillside, this 3 bedroom home has a loft for extras, and is the ideal start for new home owners, or as a holiday base for warm Wanaka winters. Built with timber, multi paned windows, balcony and cosy spaces, this cute cottage... View Property »

So Much House For The Price!

$449,000 

9 Ryalls Way Lake Hawea

Sunny, warm and inviting 4 bedroom, 2 bathroom family home in beautiful Lake Hawea. Vendors have built next door so motivation to move this property is high, the price is already $110,000 below capital value! Wood burner and sunny open plan living ar... View Property »

Views Views Views

$449,000 

96 Anderson Road Wanaka

360 degree incredible mountain views can be enjoyed from this elevated home bordering reserve in an established area within walking distance to town. In near new condition this home has been well maintained and enjoys plenty of sun. The large deck fl... View Property »

Move On In

$439,000 

25a Totara Terrace Wanaka

You must view this amazing property. A sound 3 bedroom, 2 bathroom, single car garage home. Easy care, low maintenance section backing onto the new Wanaka Primary School. A great example of a well maintained house, enquire today for more informati... View Property »

Affordable Luxury in Spectacular Wanaka.

$560,000 + GST (if any) 

12 Stonebrook Drive Wanaka

Classically styled townhouse close to the lake front, fully furnished with all appliances, furnishings and everything you need for comfortable living supplied. On immaculately landscaped grounds incorporating pool,spa and pizza oven as well as outdoo... View Property »

Your Compass Points To This One!

$599,000 

33b Upton Street Wanaka

Located right in the heart of the township, townhouse design and well presented, lake view from master bedroom, back yard for BBQ and 2x upstairs decks, 5 min walk to lake, shops and local café's, holiday home, rental investment, 3 Bedrooms, 2 bathro... View Property »

Potentially Subdividable At The Top

$619,000 

Wanaka

Overlooking Lake Wanaka and right at the top of the hill is this nearly half acre site (1850m2). With reserve on your back doorstep and nature strip in front your views are your views. Investigate the subdivision potential and buy it with friends or ... View Property »

Live In Style - Walk to Town

Offers Invited 

56a Tenby Street Wanaka

Comfortable modern living goes hand-in-hand with bright airy spaces, an attractive exterior and great central location with this lovely new townhouse. Stylishly designed and clad in cedar, plaster with Central Otago schist features and attractively... View Property »

Sure To Surprise

$649,000 

8 Parkhill Ave Wanaka

This near new single level sunny home offers light and bright spacious living which steps easily to a lovely private outdoor area. Perfectly setup for relaxing and entertaining. 3 double bedrooms, 2 living area's or 4th bedroom, fabulous kitchen. At ... View Property »

Quiet Charm & Privacy

$749,000 

12 Mulberry Lane Wanaka

Supremely situated on an elevated established 933m2 site with awesome mountain and lake views. You can watch the boats sail by from the kitchen. lounge and master bedroom. This well maintained home has delightful sheltered retreat areas to relax in... View Property »

House & Land Package

$825,000 

21 Forest Heights Wanaka

Peninsula Bay is a residential subdivision offering stunning, panoramic views over Lake Wanaka, Mount Aspiring National Park, Wanaka town, Stevenson's Arm and the Clutha River outlet. Jennian Homes is delighted to offer a unique house and land packa... View Property »

Sublime Living In A Majestic Environment

$830,000 

2 Hardie Place Albert Town

Ever dreamed of living in a rural setting but being local? This superior 5 double bedrooms, 3 bathroom / 1 en suite residence offers just that and is only a five minute drive to Wanaka. Architecturally-designed and superbly positioned on a large 2418... View Property »

Seize The Ultimate Lifestyle

$1,795,000 

88D Golf Course Road Wanaka

These vendors are serious about selling with this home newly reduced to well below the Registered Valuation. If you are looking for something out of the ordinary, this is a home built to last, tastefully incorporating solid concrete block and plaster... View Property »