`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
Central Property Trust Ltd registered valuer Iain Weir reviewed the Wanaka property market to discover the median price for a Wanaka house was now $385,000 while the median section price now tops $200,000.
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.
