Wānaka Sun       

Expats return to Upper Clutha real estate

Posted at 6:00am Thursday 23 Jul, 2020 | By Ollie Blyth journalist@thewanakasun.co.nz

The Upper Clutha property market is in a ‘positive state', according to Wānaka real estate professionals.. 

Lynette Winsloe, sales manager for First National Wānaka, said that; “At present there is good confidence in the market and we are seeing a number of interesting listings coming to the market. The buyers are responding well to this.”

Hannah Walker from Proppy advised that; “If you are thinking of selling now is a great time to list. Expats are returning to New Zealand and considering the Queenstown Lakes area as their returning home… We are experiencing a huge amount of first home buyers entering into the market which is great fuel for all parts of the residential housing market.” 

Walker also predicted that, “I think we will see an increased number of properties coming to the market soon as people have weighed up their options. Taking advantage of increased number of buyers is appealing. The economy is in an interesting phase in Upper Clutha but I'm optimistic that we will see very strong sale prices post the school holidays and moving out of winter into spring.”  

Winsloe backed this up, saying, “[There is a] noticeable increase in people wanting to move to Wānaka. People are more flexible and can either bring their job with them or work remotely… The real estate market in Wānaka is in a positive state and although we are all aware that this may not last, at present we are seeing no sign of it letting up.”

View edition 984 of the Wānaka Sun here.

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