Why choose Wanaka, New Zealand for real estate investments?

Lake Wanaka and Lake Hawea real estate are experiencing strong growth. New subdivisions of real estate development are for sale in and around Wanaka. If you are considering buying real estate in the region for investment, if you are a foreign buyer or if you want to know where Wanaka is, about the population, the climate and the lifestyle opportunities, this article is for you.

Investment

Wanaka Residential

The Queenstown-Lakes region’s population is one of the fastest growing in New Zealand. The 2006 census counts have seen an increase of about 35% over the 2001 census. Median property prices in Wanaka currently equate to $ 530,000 (NZ $) for houses and $ 250,000 (NZ $) for sections. . Since mid-2006, the number of property transactions has increased and it is now difficult to find a residential section in Wanaka for less than $ 220,000 (NZ $) and a house for less than $ 400,000 (NZ $).

Privileged land near Wanaka, with great mountain and lake views, is still in demand. The number of new sections on the market appears to be decreasing. The first sections of the new subdivision in Peninsula Bay have been launched and most have already been sold. First-time home buyers find Wanaka a difficult choice due to higher prices than Albert Town, Lake Hawea, Hawea Flat and Luggate. The recent launch of the Timsfield development sections in Lake Hawea has been a popular low-priced option.

Tourist Property

The accommodation sector and related companies have enjoyed a thriving market for the last 4-5 years, mainly due to the growth in the number of visitors to the area. The new investment is evident in the growth of visitor accommodation, services to industries such as bars and restaurants, along with growth in activities such as the new Basecamp Wanaka international standard climbing complex. Information from the New Zealand Tourism Research Council indicates that in the period 2004 to 2011 the total nights of visitors to the Wanaka area will increase by 30.1%, an excess over the national average of 21.1%.

Foreign investors

New Zealand is an investment friendly country with no stamp duty, mortgage stamp tax, land tax, property purchase tax or capital gains tax. Buying abroad is easier than it seems. The New Zealand government has no major barriers to foreign real estate investors. The Government encourages foreign investment.

What type of land acquisition may require foreign investment consent?

Area: Where the land surface exceeds 5 ha.

Coast: where the land includes the coast / seabed or adjoins the coast / seabed.

Lakes: where the surface of the earth exceeds 0.4 ha and adjoins or includes the bed of a lake.

Reserves: Where the land exceeds 0.4 ha and includes or adjoins a reserve, park, or conservation land.

Islands – Any land on most offshore islands.

Historic sites: where the land exceeds 0.4 ha and includes or adjoins most of the historic or heritage areas.

Lifestyle

The area’s climate and terrain offer a variety of opportunities such as an adventure haven, a family recreation area, and a quiet retreat. Work and leisure opportunities abound in the various arts and Wanaka’s supportive community hosts a host of festivals and events.

Where is Lake Wanaka?

Lake Wanaka is in the heart of the Southern Lakes, New Zealand’s Wonderland and the southernmost wine country in the lower South Island. The municipality is situated in a spectacular glacier-carved basin on the shores of the lake and is the gateway to the World Heritage area of ​​Mt Aspiring National Park.

It’s a short 55-minute drive down a scenic highway from the nearest international airport in Queenstown. Wanaka has its own airport that connects to Christchurch. The beautiful and wild Lake Hawea is a 15-minute drive from Wanaka.

Climatic data

Average rainfall 682 mm / year

Average daily temperature 16.6 (Celsius). There are four different seasons. The climate is quite dry with spring (September – December) the wettest months. In summer, the weather can reach 34 degrees Celsius, but averages 23 degrees Celsius. Winter tends to have clear, calm days with highs around 10 degrees Celsius and often negative at night.

Population

6,900 which is driven by thousands of visitors and vacationers throughout the year.