Calling all youth aged 11-17 years, brace yourselves for some adventures with Kāhu Youth!Our School Holiday Programme is packed with day adventures, activities, fun and opportunities to make new friends. Check out what's on or visit us here.Week 1Monday April 14, , Lazer Tag & Go Carting - $70Tuesday April 15, Mana Kōhine Airsoft Paintball - $35 Tuesday April 15, Drop-In Easter Craft - FREETuesday April 15, Dungeons & Dragons Club - FREE Wednesday April 16, Gold Mining - $20Wednesday April 16, Drop-In Hug Tees - FREEThursday April 17, Strike Bowling - $30Thursday April 17, Foosball Tournament - FREEWeek 2Tuesday April 22, Mana Kōhine – Swim, Slide & Sushi - $40Tuesday April 22, Drop-In Sushi Making - FREETuesday April 22, Dungeons & Dragons Club - FREEWednesday April 23, Honey Spinning & Craft - $50Wednesday April 23, Drop-In Candle Making - FREEThursday April 24, Highland Games Youth Challenge - $20Thursday April 24, Drop-In ANZAC biscuit baking - FREEDrop-In Sessions at our Youth CentreWe're excited to host drop-in sessions these School Holidays at our Youth Centre inside Paetara Aspiring Central.Drop-in sessions are free for youth aged 11+ and are supervised by Youth Workers.Youth can hang out or join in on a planned activity, there’s something for everyone - like Dungeons & Dragons Club, cooking, sushi making, candle making, and more! Visit us here.Our Drop-In sessions are open between 10am - 2pm on the following dates in April; Tuesday 15, Wednesday 16, Thursday 17, Tuesday 22, Wednesday 23 and Thursday 24.For more info and to book, visit us here.For questions, or if cost is a barrier, please contact [email protected] or call: 027 570 9268. Paetara Aspiring Central, 35 Plantation Road, Wānaka

As more people choose Wānaka for its stunning scenery and vibrant community, it’s easy to focus on living in the moment. However, planning for the future is just as important—especially when it comes to ensuring your personal and financial affairs are taken care of if you’re no longer able to make decisions for yourself.One of the most effective ways to do this is by setting up Enduring Powers of Attorney (EPAs).An EPA is a legal document that allows you to appoint someone you trust to make decisions on your behalf if you lose the ability to do so. Think of it as an insurance policy—it’s something you hope you never need, but if the time comes, you’ll be glad it’s in place.The Basics of EPAsWhen you set up an EPA, you (the ‘donor’) appoint a trusted person (your ‘attorney’) to make decisions on your behalf. There are two types of EPAs:Property EPA – Covers financial matters, including managing your bank accounts, paying bills, and handling investments or property transactions.Personal Care & Welfare EPA – Relates to your health and personal well-being, such as decisions about medical treatment or where you will live if you need care.You can appoint the same person for both roles, but you don’t have to. Some people prefer to have different attorneys for financial and personal matters, depending on their expertise and relationships.To future-proof your arrangements, you can also appoint back-up attorneys in case your first choice is unable to act. Additionally, you may include requirements for your attorney to consult with or inform other family members. For example, if you have multiple adult children, you might appoint one as your attorney but require them to provide updates to their siblings, ensuring transparency and family harmony.Legal Requirements for EPAsSigning – EPAs must be signed in the presence of a lawyer, who will explain their implications and confirm that you fully understand your decisions.Capacity – If there’s any doubt about your mental capacity at the time of signing, a medical certificate may be required.Timing – Once you lose mental capacity, it’s too late to create an EPA. That’s why it’s crucial to set one up while you’re still fully capable.What Happens if You Don’t Have an EPA?Many people assume that if they lose capacity, their spouse or children will automatically be able to make decisions for them. Unfortunately, that’s not the case. Without an EPA, your family may need to apply to the Family Court to be appointed as your Property Manager or Welfare Guardian under the Protection of Personal and Property Rights Act 1988.This legal process can be:Expensive – Court applications involve legal fees, which can be significant.Time-consuming – The process can take months, delaying essential decisions about your care and finances.Stressful for loved ones – Even if your family members agree on who should be appointed, the legal process adds unnecessary strain during an already difficult time.Ongoing obligations – If a Property Manager or Welfare Guardian is appointed by the Court, they must provide regular reports and have their appointment reviewed every three years.By putting an EPA in place now, you can avoid this costly and stressful process for your family.EPAs and Retirement Villages in New ZealandWith New Zealand’s growing retirement population and increasing demand for aged care facilities, many people consider moving into a retirement village as they get older. If this is something you’re planning for yourself or a loved one, it’s important to know that most retirement villages require residents to have Enduring Powers of Attorney (EPAs) in place before moving in.This requirement ensures that if a resident loses mental capacity, there is already a trusted person legally appointed to make decisions about their health care, living arrangements, and finances. This helps avoid delays or disputes about who should be responsible for making those important decisions. If you are considering moving into a retirement village, it’s best to have your EPAs prepared well in advance to make the transition smoother and to ensure that your wishes are followed if you ever need support with decision-making.ConclusionLosing mental capacity is never something we like to think about, but having an EPA in place can provide peace of mind for both you and your loved ones. By acting now, you:Choose who will make decisions on your behalfAvoid unnecessary stress, delays, and legal costs for your familyEnsure your wishes are followed regarding your health and financesIf you or someone in your family needs advice on setting up an EPA, our Wānaka-based legal team at Checketts McKay is here to help. Whether you need to draft new EPAs or navigate the process for someone who has already lost capacity, we can provide expert guidance tailored to your circumstances.Contact our Wānaka office today to discuss your options and ensure your future is in safe hands.

February has traditionally been one of the key selling months in the Wānaka real estate calendar.This trend continues to hold true as we analyse the latest market statistics, which reveal fascinating patterns about buyer behavior and market dynamics.The recent surge in new listings has now translated into concrete sales figures for February, with 35 residential house sales recorded for the month and 51 sales in total when including sections, apartments, and lifestyle blocks.The market is displaying interesting characteristics that deserve deeper examination. While the number of house sales was slightly lower than February of last year, the median price remained robust at just over $1.5M, representing an increase from previous months.This price resilience in the face of changing market conditions suggests that quality properties continue to command strong values despite increased buyer choice. The substantial increase in available inventory has transformed the Wānaka market from having around 200 houses available to more than 300, creating approximately nine months of housing stock at current absorption rates.The inventory situation creates both challenges and opportunities for market participants. For sellers, the competition for buyer attention has intensified, making strategic marketing and pricing more critical than ever. For buyers, the expanded options provide greater negotiating leverage in certain market segments, though unique properties or those in less saturated price bands continue to perform competitively.The auction method has emerged as a particularly effective strategy in this environment, cutting through market hesitation. Properties sold via auction are achieving shorter time-on-market outcomes, either selling under the hammer or securing contracts shortly thereafter.Ray White's four-week auction programs are specifically designed to capitalise on this optimal timeframe, explaining their significantly better time-on-market performance compared to private treaty sales.Whether selling a family home or searching for the perfect property investment, recognising how market forces are shaping transaction patterns is the first step toward achieving optimal outcomes in Wānaka's evolving real estate environment.Ray White Wānaka is situated at Sir Tim Wallis Drive Wānaka. Find out more here.PHOTO: Ray White Wānaka

We’re thrilled to announce that we are now the official legal advisors for Wānaka App! As a trusted local news and community platform, Wānaka App plays a vital role in keeping the region informed and connected. Our team is excited to support them by providing expert legal advice and guidance.Checketts McKay Law – Meet the Wānaka Team The Checketts McKay team in Wānaka is a friendly and experienced group of legal professionals who are passionate about providing expert legal advice with a personal touch. Whether you're buying your first home (or second), setting up a business, entering a commercial lease or navigating a tricky legal situation, our team is here to guide you every step of the way.Let’s introduce you to the friendly faces behind our Wānaka branch:Meet Our LawyersL to R, Holly & PaigeHolly Holly is the go-to expert for all things property law. If it’s purchasing your dream home, subdividing or succession planning, Holly will ensure everything runs smoothly. She has a keen eye for detail and a passion for helping clients achieve their goals.Paige Paige has a wealth of experience in commercial law including leasing, commercial property acquisitions, business sales and purchases and shareholders agreements. Paige is keen to find practical solutions to help businesses thrive, whether you're a start-up or an established company looking to expand.L to R, Bridget & CaitlinBridget Bridget is part of our criminal and family law team, often appearing in the Alexandra and Queenstown Family and Criminal Courts. She is an approved Lead Family Legal Aid provider. Bridget's family and relationship property practice is also supported by her experience in residential property transactions and estate planning.   Caitlin Caitlin has a number of strings to her bow, having worked overseas in commercial property management and later working within NZ for the public sector. Caitlin specialises in property law and brings a pragmatic approach to her client’s legal matters. Our lawyers are lucky enough to be supported by a registered legal executive, Aleisha and our receptionist Arden, who’s warm welcome into the office sets the tone for the exceptional service we provide. Legal Services We Offer At Checketts McKay Law, we cover a wide range of legal services, and we like to think of ourselves as your legal GPS – helping you navigate the tricky twists and turns of the legal world.Buying or Selling PropertyBuying or selling a house should be exciting, not overwhelming. Our property team ensures your transaction is stress-free, with no legal jargon, just clear and straightforward advice.Succession Planning No one likes to think about the "what ifs," but getting your will sorted is one of the best things you can do for your family. We make estate planning easy by providing sound advice to protect what matters most.Business Law Starting a business? Expanding? Selling up? We’re here to make sure your legal foundations are rock-solid. Think of us as your business’s legal bodyguard – keeping you safe from contract confusion and shareholder squabbles.Relationship Property Whether you’re getting together or parting ways, we can assist with Contracting Out Agreements (“Prenups”) and Separation Agreements. We’ll ensure your relationship property matters are sorted fairly and efficiently.Rural Law We can assist with your rural property matters from succession planning to protect the family farm to forestry rights, leasing and irrigation, we understand the unique challenges of rural law and our team will help you navigate the legal side of things to give you more time for the work that matters. Come Say Hello!Whether you need legal advice or just want to put a friendly face to a name, our Wānaka team is always happy to talk. We’re here to help, with expert advice and a warm welcome. 17 Dunmore Street, Wānaka

The Wānaka real estate market is experiencing noteworthy changes as we head into 2025.Recent statistics reveal a significant increase in sales, specifically in the month of January 2025 which recorded 24 sales.This marks the highest January volume since 2021, and is up 33 percent on the same month last year.Such growth in transaction levels indicates a shift in market momentum, with clear signs of a recovery taking form after a more cautious year in 2024.Despite the increase in sales volume, the median house price held steady at roughly $1,365,000 in January. This stability amid rising sales is indicative of a healthy and active entry-level market.Notably, the data shows six houses sold for over $2M compared to two in January 2024.January saw a surge in new stock listings within the greater Wānaka area, which is not unusual for this time of year as Vendor’s held off listing until after the holiday period, however this has driven up supply levels even further, and this is indicative right across the country.As the real estate landscape evolves, staying informed is essential for both buyers and sellers.Engaging with the Ray White Wānaka team, attending open homes, and understanding where your property sits in the market is as important as ever.Ray White Wānaka is situated at Sir Tim Wallis Drive Wānaka. Find out more here.PHOTO: Ray White Wānaka

At Kāhu Youth, we’re kicking off 2025 with a term full of fun, connection, and adventure! This term, we’re offering after-school clubs, drop-in sessions, and PULSE—our exciting fitness programme. Check out the details below, and click here for more info or to book!After-school ClubsKahu’s after-school clubs are filled with great activities for youth 11years+. Clubs start this week, it's not too late to join! Click here to book and for more info.Games Club Monday, 3:30pm - 5:30pm. Cost = $45.Join Kāhu Youth’s Games Club every Monday at Paetara Aspiring Central.Led by our resident gaming expert, Rayner, this club is your gateway to strategy, creativity, and fun. From board games to Dungeons & Dragons -and even computer gaming - there’s something for everyone.Whether you're a pro or just starting out, come roll the dice, level up, and forge new friendships.Putiputi Adventure ClubWednesday, 3:30pm - 5:30pm. Cost = $150. Sorry, this club is now fully booked.HustleThursday, 3:30pm - 5:30pm. Cost = $85Hustle is all about getting youth moving, encouraging physical activity and play. Activities lined up for term 1 include; beach day (swimming and beach sports), paddle boarding and kayaking, frisbee golf, cricket, pickleball, golf and jet boating!Taika Adventure ClubFriday, 3:30pm - 5:30pm. Cost = $150. Sorry, this club is now fully booked.Drop-In SessionsOur free drop-in sessions are open to youth aged 11+. A safe space to hang out with friends and have fun. Paetara Aspiring CentralTerm 1 Drop-In HoursWednesday: 3:00pm - 5.30pmThursday: 3:00pm - 5.30pmFriday: 3:00pm - 5.30pm Lake Hāwea Community CentreTerm 1 Drop-In HoursTuesday: 3:45pm – 5:30pm Transport Available to Lake Hāwea Community CentreHop aboard the Kāhu van every Tuesday after school from Paetara Aspiring Central (PAC) to our Hāwea Youth Centre, where exciting activities await you! Return transportation to PAC is provided, leaving Hāwea at 5:30pm. Secure your spot in the van (max 10) and join the fun by booking here!Tuesday Drop-In Activities:February 11 - Pickleball February 18 - Water FightFebruary 25 - Clay MakingMarch 4 - Pottery PaintingMarch 11 - Chilled Hang TimeMarch 18 - Bracelet MakingMarch 25 - PickleballApril 1 - MovieApril 8 - Chilled Hang TimePULSE is Back!Attention Year 9-10 students (and special exceptions for Year 7, 8, and 11)! Kāhu Youth, in collaboration with Fit Collective and with support from the Wānaka Police, is bringing back PULSE – an action-packed fitness programme designed to build resilience, strength, and teamwork.Feb 28 - 11 April, with 2 sessions per week.Wednesday 7am - 8:30am and Friday 7:00am - 9.00am.For more information on any of the above activities, please contact us here.Photo Credit: Deeanna Gerlach

The real estate landscape is constantly shifting, and understanding these changes is vital for both landlords and tenants.In our latest podcast episode, we delve into the recent modifications to the Residential Tenancies Act that will directly impact how rental properties are managed.Summary of changes outlined in the RTAA 2024 primarily pertain to: Tenancy Terminations – Source REINZLandlord can terminate a periodic tenancy by giving least 90 days’ notice without providing a reason.Landlord can end a periodic tenancy on certain grounds with 42-day notice period. For example, under an unconditional sale and purchase agreement of a tenanted residential property requiring vacant possession.Minimum notice period a tenant must give to end a periodic tenancy has now been decreased to 21 days.Landlords (90 days) or tenants (21 days) can give notice to end a fixed-term tenancy without providing a reason.Minimum notice period a tenant must give to renew or extend a fixed-term tenancy is now 21 days.These changes will take effect on 30 January 2025.Note: If a termination notice was issued before 30 January 2025 by either the landlord or tenant, then that notice remains valid and cannot be replaced with a different notice period by that party. For fixed-term tenancies that started on or after 11 February 2021 and expire on or before 30 April 2025, the law before these changes will still apply. For fixed-term tenancies that expire on or after 1 May 2025, the new law will apply.We aim to equip you with the tools necessary for navigating the complexities of real estate.Whether you're a landlord, tenant, or prospective investor, understanding these changes can empower you to make the most informed decisions possible in the competitive property market.Ray White Wānaka is situated at Sir Tim Wallis Drive Wānaka. Find out more here.PHOTO: Ray White Wānaka

Youth get ready for an exciting adventure with PULSE, a dynamic fitness programme delivered by Kāhu Youth in collaboration with the Fit Collective.When: February 28 - 11 April, Wednesday 7:00am - 8:25am & Friday 7:00am - 9:00am.Where: Kāhu Youth and various locations across Wānaka.Who: Year 9 & 10 students.Cost: Free! Early morning with Wānaka Fire BrigadePULSE, formerly known as BLAST, is a youth fitness programme designed to build resilience, strengths and foster positive relationships between youth and local community services. This programme is packed with unique fitness sessions led by community groups, including the Wānaka Police, Search and Rescue teams, Wānaka Fire Brigade, Wanaka FC Football, Sports Otago, and many more!Each session will be a unique experience, with its own theme and focus. Each morning session will be followed by a free nutritious breakfast before youth are dropped off at MAC to start the school day. Benefits for youth include:Build resilience, as you are supported to trying new things and get out of your comfort zone.Build connections, meet and engage with local community members who will guide and support you.Discover new interests, try a variety of activities from football to search and rescue exercises.Unforgettable Experiences, enjoy a variety of exciting physical activities tailored to challenge and inspire.New Interests: Discover activities that you might fall in love with, from football to rescue operations.Foster friendships, as you connect with your peers in a fun and supportive environment.At the end of the programme youth will put all their developed skills to the test and take part in a fun obstacle course before celebrating the completion of the programme with a special cooked breakfast.Youth building skills during the obstacle course.Interested? Please email [email protected] to express your interestPulse is made possible by the generous support of the Wānaka Lions Club.IMAGES: SuppliedPaetara Aspiring Central35 Plantation Road, Wānaka 9305

The Wānaka real estate market has witnessed significant change and development over the past year. As we step into the new year, it’s crucial to understand the trends and statistics that have shaped the market landscape. One of the notable points from December’s real estate sales data was the total of 54 sales, with 37 of these being residential properties. The median house price reached $1.35M in December, marking an 11 percent increase from December 2023. These figures reflect the growing attractiveness of Wānaka as a desirable location for homebuyers and investors alike.Through the hustle and bustle of the festive season, the local real estate market has shown resilience and strength. December’s 54 sales are significant, especially considering that December is traditionally a quieter month. This influx in activity signals a positive shift in the market, hinting at an upward trend for 2025. The total volume of sales in December increased by 20 percent compared to the same time last year, suggesting that buyers are feeling more confident in their purchasing decisions. With a good amount of stock available, we anticipate continued momentum during the summer.Examining the overall data from 2024, it’s essential to highlight that the year ended on a strong note. The year saw a total of 536 residential sales, a 17 percent increase in volume versus 2023. This rejuvenation of activity can be attributed to a combination of factors, including a reduction in interest rates that has restored confidence among buyers. The average price across all residential sales for the year climbed to $1.6M, buoyed by an uptick in the upper-end market segment. The number of sales exceeding $5M doubled compared to 2023, demonstrating an increasing investment in luxury properties.As we look forward, our analysis suggests that this growth isn't merely a passing trend but rather the beginning of a sustained recovery. Real estate operates within a cyclical framework, often characterized by seven to eight-year cycles. With the statistically robust performance in late 2024, we are optimistic about the trajectory for this year. The effective combination of reduced interest rates and increased market confidence means that now may be a wise time for buyers to act.Finally, as the New Year begins, it’s essential for those interested in Wānaka real estate to remain informed and aware. Every market is unique, and understanding the specific dynamics at play in Wānaka will empower buyers to make informed decisions. Whether you're contemplating a purchase or pondering a sale, now is the perfect time to engage with the team at Ray White Wanaka, who can offer comprehensive insights and guidance tailored to your needs.Ray White Wānaka is situated at Sir Tim Wallis Drive Wānaka. Find out more here.

The Real Estate Institute of New Zealand (REINZ) has released November’s market sales data for the Upper Clutha and it shows a strong uptick in real estate sales.The theme for November is ‘double of everything’ compared to November 2023.House sales doubled, section sales doubled, and apartment sales doubled.In total there were 70 sales for the month including 40 house sales. Four of which were more than $4M.This is a very positive indication of a change in mood by buyers as they look to make the most of lower interest rates and improving confidence. We’re really starting to see momentum build after a challenging year for real estate sales.The medium house price remained at $1.3M, which is consistent with where it was positioned in October. If sale volumes continue at this level then we are likely to see the supply levels reduce in 2025 and this is a key pre-cursor to a potential lift in sales values.If you're in the market to purchase a home, it is a very good time to be buying, as we expect upward pressure on prices through 2025.Early 2025 is looking to be a key selling period with warmer summer months benefiting from market momentum.November also saw positive signs for section sales which will be welcome news to tradies, architects and those at the front end of the construction industry. It was the first time for a while that we had meaningful movement in higher value sections from those willing to invest in larger builds.The Ray White Wānaka team will be active during the holiday period and happy to assist with market information, appraisals, and purchasing interest. Feel free to get in touch.Ray White Wānaka is situated at Sir Tim Wallis Drive Wānaka. Find out more here.

There has been plenty written about first home buyers in recent years but what happens when that first home is secured and how do you plan for the future?Often we are working with vendors looking to move up the property ladder, to find a home that meets their expanding family needs. We are also seeing a move to downsize, especially by people in their later years.Downsizing has the benefit of freeing up capital, plus a smaller property meaning less maintenance.A great tool for moving along the property ladder is the ‘subject to sale’ condition that is available in real estate sale contracts.Utilising the ‘subject to sale’ can be a really smart way to purchase your next property and it takes out a lot of risk involved in the transaction because you're putting a safety net under your offer.In recent times this has been an ideal tool, with less demand Vendors have been open to ‘subject to sale’ offers. However time is running out as momentum returns to the market, and that means a more competitive purchasing environment is on the horizon.If you’ve been thinking about moving homes, now is the time. The easiest way to explore that opportunity is to go out with the mindset that you are shopping ‘subject to sale’.There has been a definite and positive move in the market and more sales are occurring. I think there will be significant volume turnover when the November sales figures are released around the middle of December.It’s not only the new stock that's moving, it's also some aged stock that has been sitting for some time.The other interesting thing we're noticing is movement in land transactions. For a long time there's been a limited number of section sales, with the majority under $800k. But recently I had three contracts over $1.3M on land in the Wānaka area.The reduction in the Official Cash Rate (OCR) in late November means financing a build has become more affordable and people want to lock in plans now before market forces drive up demand and prices once again.Ray White Wānaka is situated at Sir Tim Wallis Drive Wānaka.Find out more here.

It was great to see the business community of Wānaka get together at Rippon on Saturday November 9 for the Wānaka Business Excellence Awards.It is a privilege to MC the awards and to see such a range of businesses from Wānaka stepping up and being recognised. Well done to the Wānaka Business Chamber for organising the awards.The October 2024 residential sales data has been released and the standout was the level of turnover (16 sales) in the sub $1.3M price category.Almost half of the 35 sales were in that category which is effectively entry level for Wānaka.*REINZ statistics – October 2024If we compare that to the same time last year, there were only 10 sales under $1.3M compared to 16 for the same month this year, and that has lowered the median sale price by 10 percent compared to October last year, recording $1.3M.I wouldn’t describe this as a price correction, it's more of a reflection of the mix of sales. So less turnover in the upper end with only a handful of sales over $2M.We're expecting another interest rate reduction at the end of this month (November), how much that will be remains to be seen, but that will help add further momentum to the entry level market.This is resulting in a more competitive environment for buyers, I wouldn’t call it significant but there is positive momentum in buyer inquiry.Ray White Wānaka is situated at Sir Tim Wallis Drive Wānaka. Find out more here.

We’re delighted to share that Oscar Waddington is this year’s recipient of the Rotary Club of Wānaka and Kāhu Youth Scholarship!"The Rotary Club of Wanaka was very pleased to award its second Kāhu Youth scholarship last month. The club is committed to helping young people in the Wānaka area and has a Youth Committee headed by a club director. We believe that helping young people achieve their educational aspirations is a benefit both to them and our community. We now have Mt Aspiring College and Kahu Youth scholarships." – Dr Nicola Carey, Youth Director, Rotary Club of Wānaka.The scholarship was established in 2021 by the Rotary Club of Wānaka in partnership with Kāhu Youth Trust. It provides $1,500 to individuals who have been out of school for at least six months, helping them pursue tertiary education—whether at a university, polytechnic, or trade school. By easing financial pressures, the scholarship supports youth in taking their next career step."Receiving the scholarship was a lifesaver, not only for funding my studies but also to help me pay for safe and secure accommodation while I complete my BA in Wellington. The Rotary Club of Wānaka and Kāhu Youth have given me a chance to pursue my dreams." – Oscar Waddington, Scholarship Recipient.Oscar has commenced his studies and will be starting next year his Bachelor’s Degree in History at Victoria University. We wish him every success as he follows his passion and makes his mark on the world!Paetara Aspiring Central35 Plantation Road, Wānaka Photo credit: Deanna Gerlach.

In real estate we're always dealing with a gap between vendor expectation and buyer demand. But it's the size of that gap that is critical to the momentum in the market.At the beginning of 2021, the gap was small because we had a climbing local market and a fear of missing out (FOMO) scenario amongst buyers. We saw quite aggressive bidding and buying, so ‘the gap’ was small. In mid-2022 buyer interest dropped considerably in the Upper Clutha and there was a small price correction to the median sell price. But like any classic control system theory, there's always an overshoot on that asking price where vendor expectations don't correct as quickly as the market does, and we end up with quite a sizable gap between vendor expectation and where the market's sitting. That's basically what we've been dealing with since mid-22.So what's interesting in the last two to three months is that we have seen ‘the gap’ reduce, which means vendors are coming back in line with buyer expectations. There is a realisation that to move on and sell their property the vendor may have to adjust expectations. With interest rates coming back, we're also seeing buyer demand pick up so ‘the gap’ is closing from both sides and that's a nice thing to see in real estate because the most efficient market is one where expectation and demand are aligned as closely as possible.Asking price v selling price - 'the gap' - REINZNew boutique sub-divisionA new boutique sub-division that will appeal to many buyers is Bremner Park on the corner of Eely Point Road and Kidson Lane, right down in the heart of the ‘golden triangle’. It's a beautiful land parcel with some lovely established trees.The public release for the subdivision will come online in the coming weeks, but we do have the opportunity for buyers to purchase now.This is a great opportunity to get in early and secure something truly unique to the Wānaka area. Ray White Wānaka is situated at Sir Tim Wallis Drive Wānaka. Find out more here.

The monthly real estate data for September 2024 has just been released showing an 18 percent increase in residential house sales in the Upper Clutha over September 2023.There were 33 residential sales with a median house price of $1.4M, consistent with prices this year*.In total 106 Upper Clutha sales were registered in September with several pre-title sales for townhouses (13) at Rowley Place and Alta Villas, and section sales (58) at Studholme Rise and Pembroke Terrace.These sales relate to historic transactions and were recognised in September when the title was issued.We are seeing a slow pickup in the market and positive chat, especially after the announcement of a cut in OCR of half a basis point by the Reserve Bank.It is a really good step, especially for the real estate market, and to hear murmurings for further cuts will only add confidence to buyers as we head into 2025.Stats courtesy of REINZFor many, real estate is our biggest asset so it is important to understand where your property sits in the market today and understand what opportunities are on the horizon.We can help clarify the market and identify where opportunities lie, understanding that will be different for everyone. It is a good time to review and to speak to a mortgage broker or bank to ensure you are making the most of this recent market movement.* REINZ statistics - September 2024

The luxury property market in Wānaka is undergoing significant shifts, driven by a variety of economic factors and changing buyer preferences.Firstly, it’s important to understand the broader context in which Wānaka's luxury property market operates. The high-end real estate sector, defined here as residential properties valued at $4M and above, has seen a marked decrease in transaction volume over recent years.Despite this downturn, the average sale price has increased. This paradox suggests continued confidence among buyers willing to invest in top-tier properties.One of the primary reasons for this trend is the economic climate. Interest rates have been fluctuating, impacting buyer behaviour significantly. During the boom years of 2021 and 2022, the market experienced robust activity, with approximately 16 sales annually in the $4M-plus category. However, this number has since halved, with only five sales recorded since January this year (2024).Interestingly, despite the lower number of transactions, the properties that sell are fetching higher prices. This indicates that the market is not devoid of high-net-worth individuals who see value in Wānaka’s luxury real estate.Lake views and substantial property sizes remain key selling points, as these features continue to attract discerning buyers looking for exclusive, picturesque homes.The prolonged time properties are spending on the market is another critical factor. While in 2021-2022, high-end homes would typically sell within 70 days, the average time on market has now increased to around 170 days.This extended period reflects a cautious buyer sentiment, possibly influenced by economic uncertainties and the increased availability of properties. Currently, there are 29 listings in the $4M-plus category, giving buyers ample choice but also leading to a slower turnover.A notable aspect discussed in The Goods on Real Estate podcast is the impact of market conditions in main centers like Auckland and Wellington on Wānaka’s luxury property market. Buyers who would typically sell their homes in these urban areas and relocate to Wānaka with substantial capitalare holding back.This hesitation is primarily due to sluggish market conditions in those main centers, which have a cascading effect on the luxury market in Wānaka.While the high-end property market in Wānaka faces challenges such as reduced transaction volumes and extended time on market, the increasing average sale prices and continued interest in luxury homes indicate a resilient sector. Economic conditions and interest rate fluctuations will undoubtedly play a crucial role in shaping the market’s future, but the fundamental appeal of Wanaka's stunning landscapes and substantial properties remains strong.Whether you are a potential buyer, an investor, or simply fascinated by real estate trends, The Goods on Real Estate podcast offers valuable insights into the dynamics of Wānaka's property market. Tune in to gain a deeper understanding and stay ahead of the curve in this ever-evolving sector.

The real estate market in Wānaka has seen an uptick in buyer interest, signalling a busy period ahead.This renewed confidence follows a relatively quiet autumn and winter, during which potential buyers were cautious. Now, with more favorable interest rates on the horizon, inquiries are more genuine.Today’s prices coupled with tomorrow’s interest rates create an ideal scenario for buyers.In August*, Wānaka saw 32 house sales, marking a 10 percent increase from the same month last year. This steady volume underscores the market’s resilience. The median house price has remained consistent, hovering just under $1.5 million. Unlike major centres such as Wellington, which have experienced significant price corrections, Wanaka’s limited supply and continuous influx of people have stabilised its property market. This consistency is a key indicator for investors looking for a stable investment.There were 13 section sales in the Upper Clutha in August. Land is one area where there have been some price corrections, particularly in sections under $700,000 where most of the sales have been. Despite a 10-15 percent correction over the past few years, this segment remains active. The cost of building has contributed to this correction, but the availability of reasonably priced sections offers opportunities for new developments.Builders and developers can take advantage of this trend, especially as the demand for housing continues to grow.The reduction in the Official Cash Rate (OCR) and favourable fixed rates from lenders have further boosted buyer confidence and the current market offers a wide selection of properties, and buyers do not necessarily need to be cash unconditional. Deals subject to sale, finance, and due diligence are more common, providing buyers with flexibility. This scenario is advantageous for buyers, especially as the market is expected to heat up again.With interest rates likely to remain favourable, the outlook for Wānaka’s real estate market is positive.If you’re looking to buy or sell contact our team at Ray White Wānaka.Listen to the latest Goods on Real Estate podcast here.* REINZ statistics - August 2024

Exciting Opportunity for Youth! Kāhu Youth Trust, in partnership with the Rotary Club of Wānaka, is excited to offer an educational scholarship for young people ready to take the next step in their career.This $1,500 scholarship is available to those who have been out of school for at least six months, whether or not they've entered the workforce early, and are now looking to pursue tertiary education—be it university, polytechnic, or trade studies.We understand that the journey to success often requires financial support. This scholarship is to go towards course related expenses. We aim to ease the financial burden and encourage our youth to reach their full potential! Eligibility:Applicants must be students registered in their first year of study.Applicants must have a permanent residential address located in either Wanaka and surrounding areas, Hawea and surrounding areas, Makarora, Luggate, Cardrona and Tarras. Applicants must have been out of school for a minimum of 6 months. Applicants will be aged between 16-24 years of age inclusive. Applicants must be New Zealand Citizens or Permanent Residents. To apply or for more info:visit us here where you can download an application formor email [email protected] close FRI 27th September 5pmDon’t miss out on this amazing opportunity! If you know someone who might benefit, help us spread the word.

A burst of colour and creativity has transformed a ten metre blank wall at Kāhu Youth into a vibrant canvas of youth expression! Led by the Upper Clutha Youth Council (UCYC), the Youth Mural Project was painted during National Youth Week.Under the mentorship of Jo Lewis, Volunteer Manager at Kāhu Youth, the UCYC orchestrated this remarkable initiative, securing funding from Otago Community Trust Rangatahi Led Fund and Ara Taiohi. This collaborative effort aimed to empower youth voices and cultivate a sense of community pride through art.Local artist Chrissy Wickes played a pivotal role guiding the project, facilitating workshops and channelling the collective vision of Wānaka's youth into a cohesive mural plan. Beginning with a focus group at Mount Aspiring College (MAC) in February, the journey unfolded through months of creative exploration, culminating in the unveiling of a stunning mural that encapsulated the essence of youth aspirations and unity.National Youth Week, with its theme of "We may not have it all together, but together we have it all," provided the perfect backdrop for the project's realisation. The UCYC seized the opportunity to engage the community, distributing muffins provided from the Community Kitchen and flyers promoting Youth Week and the mural project. DJ Sam Wilson's infectious beats drew crowds, igniting enthusiasm and support for the initiative.The culmination of Youth Week marked a triumph for the UCYC, fulfilling a long-held aspiration of bringing a youth mural to Wānaka. Over the course of the week, approximately 100 young individuals contributed their time and creativity to painting the mural, forging connections and leaving an indelible mark on their community.As the paint dried and the mural neared completion, Kāhu Youth found renewed vitality in their space, eagerly anticipating its upcoming fit-out. To further their endeavours, Kāhu Youth has partnered with Forsyth Barr to organise a Winter Wonderland Ball at the Lake Wānaka Centre on August 24th, rallying support and resources for their shared vision of community enrichment.Acknowledgments abound for the generous contributions that fueled the project's success. From B.Effect's sponsorship of Kombucha for the celebratory finale to Resene's discounted paints, each supporter played a pivotal role in bringing the mural to life.Photo Credit Deanna GerlachPaetara Aspiring Central35 Plantation Road, Wānaka