Premium New Investments in Wanaka

Northlake, Wanaka - POA

Invest in a premium subdivision in one of New Zealand's hottest growth markets for well below the current average house price for the region.


Highlights:

Property Features: 3 br / 1 ba / Garage

  • Price: POA
  • Rent Appraisal: $550-570pw
  • Floor Area: Approx $125m2
  • Land Area: Approx 290m2 - 350m2

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Additional Information

We are excited to offer the opportunity to invest well below the median home value in a location that has it all: a rising population, significant capital growth, a premium community-driven development and stunning scenery.

Wanaka is growing rapidly, owing to the tourism business, the increasing number of retirees and families moving there and internal migration from Queenstown.

Northlake is residential development in Wanaka that is well located close to the town centre, schools, Lake Wanaka, the Clutha River and all the recreational opportunities that they bring. The developer is putting extensive investment into Village Centre making the subdivision attractive to owner-occupiers

Land in the subdivision is being released gradually and we have house and land packages available in several stages.

Strict covenants and rules controlling house designs are in place to ensure a high standard of home will be built throughout the development. There will be a good mix of smaller lots suitable for investment with larger more expensive homes to maintain a good balance.

Our sites are only a short walking distance of the Northlake Village Centre, which will provide integral community facilities. Over time this will comprise a child care centre, medical centre, cafes & convenience stores, post office boxes, The Northlake Leisure Centre, tennis courts, office spaces, children's playground and a swimming pool.

Full investment briefs are available to interested parties. Contact us today.

  • The average house cost in the district is up 29.8% or $223,755 since October 2015 (QV)
  • Wanaka median house price in October 2016 was $975,000 (QV)
  • House rents in Wanaka are up 20.5% to $500 since October 2015 (QV)
  • Wanaka's GDP grew 8.4% in 2015
  • Future demand for residential housing is estimated to increase from 5,788 in 2011 to 8,550 in 2031
  • There were 2,223 businesses in Wanaka in 2015, a 5.1% increase over the past 12 months
  • New build investment properties are available for 80% LVR

Wanaka has seen considerable infrastructure spending including the $21.5m school Wanaka Primary (2010) and $1.2m extension in 2015, $13.9m Wanaka Recreational Centre (2016), $19.5m water treatment plant (2009)

This is an Off The Plan investment meaning that the property is EXEMPT from the current LVR restrictions put in place by the Reserve Bank. This means that 80% lending (vs 60% current maximum on existing property) is possible on this property.

Title is due on early stage lots in July and construction is estimated at 25 weeks following council consent for the build.

Amenities

Wanaka is a popular ski and summer resort town in the Otago region of the South Island of New Zealand. It is situated at the southern end of Lake Wanaka, at the start of the Clutha River.

Wanaka is home to 7,850 people as of June 2016. It is the country's 39th-largest urban area and the fourth-largest urban area in Otago behind Dunedin, Oamaru and Queenstown.

The 2013 census counted 6,471 permanent residents in the Wanaka urban area, 28.4 percent more than seven years earlier.

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

Contact us about this property

Agent Contact Details

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

maxine@ifindproperty.co.nz
021 990 252

I used Maxine to buy an apartment while overseas, she was very quick to reply to all my questions. Working with her made the whole process go a lot smoother. She understands the struggles of buying Property while overseas so she helped me out in anyway she could. I would highly recommend her.

Moemen Elbeltagi

Maxine persevered with us investigating many properties in a very challenging market, before completing a successful purchase.

We were very pleased with her determination to find the right deal for us, in particular as we are out of NZ, and need to rely heavily on local knowledge and advice.

John & Penny

It has been a pleasure to work with Maxine on this purchase. I found her to be personable, responsive, intelligent & experienced, very helpful and available.