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The Goods on Real Estate: climbing the property ladder (Real Estate Blog)
The Goods on Real Estate: climbing the property ladder (Real Estate Blog)

08 December 2024, 10:30 PM

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.

The Goods on Real Estate: momentum building - latest data (real estate blog)
The Goods on Real Estate: momentum building - latest data (real estate blog)

26 November 2024, 1:00 AM

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.

Making History - Future Historian Awarded Youth Scholarship (Youth blog)
Making History - Future Historian Awarded Youth Scholarship (Youth blog)

24 November 2024, 7:30 PM

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.

The Goods on Real Estate: mind ‘the gap’ (Real Estate Blog)
The Goods on Real Estate: mind ‘the gap’ (Real Estate Blog)

04 November 2024, 4:00 AM

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 Goods on Real Estate - Wānaka’s luxury market (Real Estate Blog)
The Goods on Real Estate - Wānaka’s luxury market (Real Estate Blog)

01 October 2024, 10:00 PM

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 Goods On Real Estate - trends and data (Real Estate Blog)
The Goods On Real Estate - trends and data (Real Estate Blog)

23 September 2024, 10:39 PM

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

Uniting Creativity and Community: The Youth Mural Project in Wānaka (Youth blog)
Uniting Creativity and Community: The Youth Mural Project in Wānaka (Youth blog)

27 May 2024, 8:00 PM

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 

Empowering Youth: Kahu Youth Trust Awards Educational Scholarships (Youth blog)
Empowering Youth: Kahu Youth Trust Awards Educational Scholarships (Youth blog)

26 March 2024, 7:00 PM

Introducing the latest recipients of the Kahu Youth Trust Educational Scholarships.Kahu Youth Trust Chair, Randal Dodds, proudly awarded four deserving individuals the Kahu Youth Trust Educational Scholarship. These scholarships aim to provide a vital financial stepping stone for youth in our community to pursue their dreams and achieve career fulfilment. Among the recipients are Jasmine Edwards, embarking on her hairdressing apprenticeship journey, and Benjamin Hawkins, pursuing his Electrical Pre-Trade at Otago Polytechnic. Also receiving scholarships are Khedrup Dorjee, setting his sights on NZSIA Level 2 Ski Instructing, and Ruby Burke, delving into Photography and Media Design at Otago Polytechnic. At Kahu Youth Trust, our mission is clear: to empower ALL youth in the Upper Clutha to live their best lives. Through safe spaces, mentoring, after school clubs, drop-in sessions, holiday programmes and a variety of engaging programmes, we provide opportunities for personal and professional growth.  We understand that the journey to success often requires financial support, which is why our scholarships target those who have been out of school for at least six months, seeking to further their education and career prospects. Whether pursuing university degrees, polytechnic courses, or trade studies, we aim to ease the financial burden and encourage our youth to reach their full potential. This is especially important during our current cost of living crisis.  The Kahu Youth Trust Educational Scholarship isn't just about funding—it's about investing in the future of our community. By nurturing talent and providing opportunities, we believe in equipping our youth with the tools they need to thrive in their chosen paths. Join us in celebrating these remarkable individuals and their bright futures they're destined to create. Applications for the next round of scholarships will open in November 2024. Visit kahuyouth.org for more info.Paetara Aspiring Central35 Plantation Road, Wānaka 

Ahoy there Captains! (Youth blog)
Ahoy there Captains! (Youth blog)

15 November 2022, 11:58 PM

In October, Kahu Youth hosted it's 12th annual Cardboard Boat Race. This family favourite event sees friends get together to form cabin crews that create innovative, ingenious, hilarious and downright ridiculous cardboard boats and race them against each other on Lake Wānaka – just for fun and a good laugh.  The Flying Mullets (left) v's The Black Pearl (right).Ten nautical master pieces entered into this year’s competition that saw captains and their crew race out to a buoy and return to shore.  There were 5 prestigious awards up for grabs that were awarded to the following boats. Commodores Choice – M!NTBest Themed – Buzzy BeeMost Outrageous – The Flying MulletsTitanic Sink – Best MatesFastest Boat – Lucky Harold  Lucky Harold skipper receiving the award for fastest boat.Participants were treated to prizes from local sponsors and hot chocolate to warm-up after their race and occasional dunking. "It was so lovely seeing such enthusiasm from Wānaka’s youth to participate in such a unique and comical event" said Sam Strong the Event Coordinator.  Kahu Youth is so grateful for everyone who helped us have a great time at this event.Best Mates (L) vs The Goat Boat (R)A HUGE thanks to…All of the youth that participated and for your efforts and entertainmentour community, thanks for cheering our crews on from the wharfthe QLDC for providing infrastructure, a life guard to supervise the raceLakeland Adventures for creating our course and supporting our raceRed Star Burger Bar and Cinema Paradiso for providing prizes About Kahu Youth. Kahu Youth is a small charity with a big vision for Upper Clutha youth to live their best lives.We achieve this by providing safe spaces where youth can hangout, learn and have fun! We offer 25 different youth development programmes over the course of the year to meet their needs, interests and strengths of local youth.Led by professional Youth Workers, these programmes offer fun and unique experiences and opportunities for youth to develop their capacity strengths, resilience, confidence, wellness, and friendships. 

Thank you for celebrating Matariki with Kahu Youth Trust (Youth blog)
Thank you for celebrating Matariki with Kahu Youth Trust (Youth blog)

20 July 2022, 8:28 PM

We were absolutely thrilled with the turnout of over 2000 people, coming together to celebrate Matariki in Wānaka last Saturday (25th June).Paul Tamati MC at the hangi tentHighlights included; fun, free activities for tamariki and rangatahi that represented the 9 stars of Matariki, kapa haka, Māori music and storytelling on the community stage, bonfires by luma, bubble show, fire dancers, hangi which fed 650 people and fireworks! Bubble show by Merle Sea and friendsKahu Youth Trust would like to extend a HUGE thanks to the many people who helped us present this year’s epic Matariki Celebrations! Especially the;dedicated volunteers who helped us put on this event, many who have volunteered at this event for over a decade! performers who lit up our community stage and beach frontvolunteers who shared their knowledge of Māori culture and encouraged learningcommunity supporters who donated their time and expertiseand of course tamariki and rangatahi, for getting involved and bringing joy.Face painting by Upper Clutha Youth CouncilWe couldn’t have done it without you! You have made this year’s celebration so special and one to remember. Marty and Scotty Welsh serve up the hangiTo our community, thank you for coming down to the Dinosaur Park despite the rain and celebrating Māori culture and the New Year with us. fireworks spectacular over the lakeAnd finally, thank you to the Kahu Youth Trust team for rolling up your sleeves and doing the mahi! Anna Sutherland

Kahu Youth summer wrap up and Term 1 run down (Youth blog)
Kahu Youth summer wrap up and Term 1 run down (Youth blog)

24 February 2022, 7:30 PM

Kahu Youth wrapped up our 2022 Summer Holiday Programme last week with some wickedly hot weather.We had such an amazing summer with the youth creating memories and having fun. Thank you to all of our partners and volunteers for making this year's holiday programme magical. Some highlights of the summer were downhill karting up at Cardrona Alpine Resort, waterski and wakeboard lessons at On Edge Waterski school, making terrariums at Mitre 10 Mega Wanaka, scooping gelato at Black Peak Gelato, playing paintball at Paintball Central and slip and sliding at the Kiwi Water Park. Keep an eye out in April for our Fall Holiday Programme schedule, it will not disappoint. Term 1 is here and Kahu Youth couldn't be more excited. We have some amazing programs happening in the next 11 weeks and would love to have you join us.We have four Adventure Clubs, an after school program that will run for 10 weeks during the term from 3:30pm-5:30pm. Cost is $150 and the youth get to choose what activities they would like to do. It fosters friendship building, team work, and overall fun.Mondays - Tui's (Omnigender)Wednesdays - Hoiho's (Girls Club)Thursdays - Piwakawaka's (Boys Club)Fridays - Kaka's (Boys Club)On Tuesdays we'll have two amazing programs. Korimako being the first. Korimako is an adventure club for our additional needs youth in the Upper Clutha community. This venture is run alongside M!NT and we provide fun ways to engage in the community. Korimako is 4 sessions (Feb 8, 15, 22, Mar 1). Cost is $40.For the last 5 weeks of the term (Tuesday March 8th - Tuesday April 5th from 3:30pm-6pm) is Youth Vs. Wild. Youth Vs. Wild is a five week program loosely influenced by the television show ‘Man vs Wild’ and will conclude with a two day camp. Cost is $120 and covers all of the activities plus the two day camp.On Wednesdays from 4pm-5:30pm we also have Hustle. Hustle is an after school program focused on moving our bodies. We try all types of different sports and activities including mountain biking, gymnastics, paddle boarding, volleyball and zorbing. Cost is $75 for 8 weeks. This includes all activities and kai.Please visit our website www.kahuyouth.org for more information and to register for all programmes. You can find our booking system at https://kahu-youth.class4kids.club. They are likely to fill up quickly so get in before they are gone!

North Lake Skate Jam - Saturday 6 November (Youth blog)
North Lake Skate Jam - Saturday 6 November (Youth blog)

03 December 2021, 1:54 AM

Kahu Youth had an epic day at the Northlake Skatejam hosted by Tyler Isherwood, a local skater who wanted to create a fun, community and family friendly skating event as a fundraiser for Kahu Youth! The sunny day attracted families and friends from Wanaka and as far as Christchurch and Queenstown to participate in the many events held. Pump track trials, timed skate sessions and a game of S.K.A.T.E. brought together all ages, showing off their latest and greatest tricks. It was amazing to see generations of skaters laughing and skating together, with participants aged from 3 to 45. Some familiar Kahu Youth faces were spotted in the crowds and competing. Some local Wanaka skaters watching the Mens Open CategoryA HUGE thank you to everyone who got involved and supported at this event, either by volunteering, skating or cheering from the sidelines! All proceeds from the registration fees and sausage sizzle were donated to Kahu Youth, raising over $400. These funds raised will go towards a new van, allowing us to expand our programs within the Upper Clutha community. Check out some of the awesome pictures showcasing the participants that came, skated, and dominated the pavement. Finally, another HUGE thank you to the amazing sponsors for providing epic prizes, this event would not have been the same without your generosity. Sponsors: RAD Skate school, New World Three Parks, Pavement Store Dunedin, Peeps Dunedin, Hire Centre Wanaka, Base Streetwear, Cheapskates Wanaka, Wanakup NZ, Red Star Burger, Cinema Paradiso, Realm and Amigos Wanaka.

Introducing Kahu's New Operations Director (Youth blog)
Introducing Kahu's New Operations Director (Youth blog)

10 November 2021, 1:52 AM

Kahu Youth are delighted to introduce Anna Booth, our new Operations Director.  Anna joins the organisation with a wealth of knowledge in the empowerment and delivery of programs for youth, having managed at another charity, Inclusion Foundation for over a decade. Anna started her career in the charity sector starting out in 2009 as a Dance Educator, teaching a small group of kids with Down syndrome. Word spread and classes grew, and the dance program was formalised as a charity called emotion21 (now Inclusion Foundation). During her time at Inclusion Foundation she took on a multitude of roles – often at the same time! As Artistic Director she took great pride in creating meaningful opportunities for those with intellectual disabilities including; International performance tours to India and South Africa, collaborations with the Melbourne Symphony Orchestra, Cira and The Australian Ballet School and new innovative programs to meet the community's needs. More recently as emotion21’s Manager she led the community with care though covid lockdowns, launching virtual classes to allow people with Down Syndrome from across Australia to stay connected and moving. Anna has a Dip. of Leadership and Management.  Anna is a passionate and highly skilled individual that will bring leadership, mentorship, enthusiasm and drive to the Kahu Youth team. We are truly grateful to have Anna onboard at Kahu Youth and can’t wait to see what 2022 brings! Anna can be contacted via [email protected] and looks forward to meeting Kahu Youth's community supporters and partners very soon. 

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