Wanaka house and section prices continued to sell well with strong prices in September.

September saw a steady 47 sales with 17 residential sections and 30 houses being sold - a total of $42m of sales transacted.

Ranging from $197,000 for a recently titled Northlake section (and before you ask the question, "can you buy anything for anywhere near this price now?” no, this was sold some time ago and this level of pricing has long gone) right through to $4,650,000 for a house in Penrith.

The entry level for houses saw buyers paying $615,500 for a Hawea property and $776,000 in Albert Town. The median price for Wanaka houses (excluding the outer areas) was $935,000 for September 2017, up considerably (23 percent) on the same time last year when the median was $760,000. By now you will have received your new Rateable Values Notice in your mailbox. With an average increase of 55 percent since the last release in 2014, "most Wanaka people are very pleased with the new values" said Lynette Winsloe of First National. The total capital value of properties in and around Wanaka has almost doubled and the next mail out of interest will be the actual rates notice. Keep in mind this is not a market valuation and if you want to know exactly where your property sits in today’s market, contact Agents in the Wanaka App or a registered valuer.

PHOTO: Wanaka App