I spent lockdown thinking about a world where Wanaka property prices could be dropping. Although I did acknowledge that there was nowhere in the world that I'd rather be and thought that there would be expats wanting to get a slice of it. How wrong was I. For many Covid brought forward their plans to move south but for some the change of lifestyle came from a lockdown priority check. The net result has been a hike in prices to date in NZ including Wanaka.
With the Wanaka Real Estate market in a competitive phase, it can be a real game changer to discover an off market property. There are so few listings about at the moment. This combined with the imbalance of buyers pushes prices up. Having multiple bidders or offers on a property results in inflation of the price.
The most difficult part of making the decision to purchase in Arrowtown is finding a great property and securing it before anyone else can. Good properties are snapped up faster than seems possible, most you will never even be aware of as they are sold off market. Buyers agents will aim to get the earliest access to properties.
If you are serious about wanting to buy Wanaka property especially under the current market conditions, it is recommended to have someone on the ground working for you.
The reality of a Wanaka property search can be a frustrating time for those that have other priorities in their schedule. Being emotionally detached from the process can result in a completely different opinion of a property when taking into account the original objectives of a search. I’ve had a few buyers comment that they have ended up with a much better property than they’d dreamed possible after placing their Wanaka property search brief with us.
A buyers agent can offer earlier and wider access to properties for sale than you will be able to achieve yourself. This is a real game changer in the Arrowtown property market.
I specialize in New Zealand property acquisition and focus on Wanaka property with a colleague working on Arrowtown and Queenstown property search, analysis, purchase and relocation projects. As you can imagine the market is relatively dead at the moment. Marion and I are using this precious time to connect with our young families – really [...]
If you’re getting frustrated with the Queenstown property market do get in touch – in this market a lost opportunity can be more than a touch expensive.
Buying property in Wanaka and Queenstown is sometimes a first in, best dressed scenario. The best scenario for a buyer is to be to the first to have the opportunity to purchase a property that is not currently being marketed. As buyers agents we have more and more sellers approaching us about their properties which [...]
Many of my clients have been trying to buy property in Wanaka on their own for a period of time, prior to discovering my services. For one reason or another both local and out of towners that engage me, find exactly what they have been looking for within 2 months. There seem to be many [...]