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Weekly Property Report

By on December 3, 2018

Welcome to this week’s property report.

Somewhat of a unusual week this week as we held our 5 Auctions on Tuesday, instead of Friday and I have now headed north to Auckland for four days of work and family events.

A quick update on the Auction results:

First up was my listing on 2 Homestead Close, a stunning family home neighbouring Station Park.  This was passed in at auction but within two hours post Auction I had three conditional offers. This is now under contract, but it is conditional upon the sale of another property, so still worth considering if you were interested in this.

Next up was 49 Minaret Ridge, this entry level Pen Bay home sold for $987,500.

The third property was a great project house at Lot 1, 36 Albert Town Lake Hawea Road this sold for $790,000.

The most excitement of the day was with1 Ewing Place, a fierce battle unfolded finally selling for $1,595,000.

64 Hunter Crescent was last up was an old crib in old part of Wanaka. Now priced by negotiation.

A new interview for you this week and it’s with a local surveyor Stuart Taylor.  It was great to get an understanding on his field of work but also the range of services that he offers. Please read here….

Interesting news from the Reserve Bank this week too, with the announcement that they’re easing the restrictions on LVRs – this is good news for first home buyers and for investment property buyers too.  More info here if you’re interested.

Exciting news for my wife and I this week…. with the title finally coming through for our section as part of The Heights Stage One release. With any luck our Building Consent will be signed off next week and we’ll be underway with our own build. If you want to know any numbers in terms of build costs, I am knee deep in them right now so give me a call.

I am back to Wanaka Sunday night so please let me know if I can help in any way.

Best regards,

Mitch

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MITCH CAMPBELL

mitch campbell

Welcome to my property hub, a place designed to showcase the very best of premium property in Central Otago and provide you with everything you need to ensure that your journey of buying or selling in this beautiful region is as smooth as possible.

I wanted to create a platform to share insights and knowledge on everything property-based from the Wanaka region, but also feature outstanding design products, interviews with industry locals, interesting architectural work and new trends to help inspire you with your own plans.

If you're looking at either buying or selling in the Wanaka region, please get in touch and let me help you achieve those goals.

Email mitch.campbell@raywhite.com
Phone number: 021 2424 280