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Reflecting on Wānaka’s 2025 property market: what a year! (Real Estate blog)

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Roger Ellis - Colliers

29 December 2025, 7:00 PM

Reflecting on Wānaka’s 2025 property market: what a year! (Real Estate blog)

If you’re keeping an eye on Wānaka’s real estate scene, you’ll know 2025 has been anything but dull. After a steadier 2024, this year brought a mix of confidence, opportunity, and a few surprises.


Sales Are Back In Action

The year kicked off strong - January saw the busiest start since 2021, with sales up more than 30 percent compared to the same month in 2024. That early surge set the tone: buyers are back, and they’re serious. Land sales have also been buzzing, which tells us people aren’t just buying homes - they’re planning their dream builds.



Prices Holding Their Ground

Median house prices have hovered between $1.36M and $1.44M for most of the year. That’s solid growth without the runaway spikes we saw a few years ago. Sellers are still in a good position, but buyers have a little more breathing room now, especially in the mid-to-upper range.


What Does It All Mean?

In short, Wānaka continues to deliver. It’s a market with balance - steady prices, active sales, and healthy rental returns. For buyers, there’s room to negotiate. For sellers, demand is still there. And for investors? Consistent occupancy and solid yields make this a smart play.



Looking ahead, Wānaka’s charm isn’t going anywhere. Whether you’re buying, selling, or building, 2025 has shown that this lakeside gem remains one of New Zealand’s most desirable property markets.


The tail end of 2025 has seen a number of properties sell through and a number of great opportunities have come on board. The Wānaka Colliers office is experiencing great growth, so watch this space for new agents coming on board in 2026 as we continue to expand. 


Exciting times ahead!


Take care,

Roger