Welcome to this week’s property report.

There has been plenty on the go this week, with one auction being brought forward on Wednesday, which resulted in some very competitive bidding and five homes all selling under the hammer on Friday afternoon! Despite what you may read about the national property market in the media, we are still seeing incredibly strong buyer demand for Wanaka property.

Quick update on a couple of new properties coming on line this week

110 Noema Terrace – this is a really tidy holiday pad, just back from the lake in Hawea. It is set for auction with a CV of $570k so this is well worth a look

Two new sections in Hawea have also come onto the market in Timsfield. These are priced well from $229,000.

Also a brand new 3 bedroom build in Timsfield Lake Hawea is set for completion by the end of the year and is priced at $590,000.

Auction Results:

 

Wednesday

136a Anderson Road – this property had a CV of $680,000 and with four active bidders in the room, this sold under the hammer for $780,000.

 

Friday

22b Heuchan Lane – a tidy two bedroom cottage sold for $685,000 with 5 bidders all having a crack.

Unit 1, 91 Lakeview Terrace saw competitive bidding selling for $460,000.

165 Plantation Road – a quintessential holiday crib in a central location this sold for $945,000.

219 Mt Aspiring Road – so much scope with this property with beautiful lake views, this sold for $2,080,000 with fierce bidding taking place.

98 Main Road – entry level family home in the ever increasing Luggate sold for $521,000.

If you have any questions or liked the look of any of those homes, please let me know and I will do my best to source similar properties and keep in you updated on upcoming listings to the market.

In my role I get to meet some really interesting people both as vendors and also as buyers from around NZ and offshore. I recently met Ben Logan, from Logan Lore.  As the Director of Logan Lore, Ben enables clients to experience the beautiful outdoors that Central Otago offers, which is something that we could all potentially do with a bit more of…… the need for space, slow down, fresh air and no mobile phones!!  Ben takes you outside of your comfort zone and enables you the chance to reset the pace of your life, away from the many detractors and stressful lives that many of us lead.

It’s a really interesting read – Ben offers a service that I would encourage either families, work colleagues or a bunch of friends to consider getting involved with. Click here for the full interview.

Best regards and enjoy your weekend,

Mitch