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, 4:32AM
by The Landlord
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.
Read More - Opens in a new window
| « Arrest follows rent stand-off | Auckland Property Association Members letter » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
