Wānaka's real estate market continues to show resilience and stability amidst global economic uncertainty, with the latest statistics for March revealing promising trends.

The recent fourth consecutive Official Cash Rate (OCR) drop of 25 basis points has injected further confidence into the market, stimulating both buyer activity and property listings. This reduction in interest rates has been a critical driver of market momentum, allowing buyers to

secure properties with greater financial certainty.

March statistics reveal a robust market with 36 house sales completed during the month, matching February's strong performance.

The median price has held steady at $1,475,000, demonstrating Wānaka's ability to maintain its value proposition even as other markets fluctuate.

While property values remain consistent, the increased sales volume is particularly encouraging given the higher-than-normal inventory levels currently available. This steady clearing of stock indicates a healthy market adjustment process, albeit one that will take time to return to

historical norms - a pattern consistent with real estate markets nationwide.

What makes Wānaka particularly noteworthy in the current economic climate is its proven track record of stability through turbulent times. Over the past decade, the local property market has weathered numerous global crises - from the COVID-19 pandemic to geopolitical conflicts in

Europe and beyond - while consistently maintaining or appreciating in value.

This makes Wānaka an attractive proposition for investors seeking safe harbours amid stock market volatility and economic uncertainty.

The banking environment has also evolved favourably for prospective buyers. Financial institutions now have capital available for lending, though compliance requirements remain stringent.

This more flexible lending landscape represents a significant improvement compared to the restrictive conditions of recent years and provides additional support for continued market activity.

The autumn period presents a prime opportunity for property viewing and purchasing in Wānaka. The current inventory levels mean that buyers have excellent selection and potential negotiating leverage, making this an opportune time to secure property ahead of the winter.

Ray White Wānaka is situated at Sir Tim Wallis Drive Wānaka. Find out more here.

PHOTO: Ray White Wānaka