Whanganui Chronicle
  • Whanganui Chronicle home
  • Latest news
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology

Locations

  • Taranaki
  • National Park
  • Whakapapa
  • Ohakune
  • Raetihi
  • Taihape
  • Marton
  • Feilding
  • Palmerston North

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • New Plymouth
  • Whanganui
  • Palmertson North
  • Levin

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Whanganui Chronicle

House sales surge in Whanganui

By Kim Fulton
Whanganui Chronicle·
26 Dec, 2016 09:28 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

GOING UP: Aramoho has seen house prices rise 14.9 per cent in the year to September 2016.

GOING UP: Aramoho has seen house prices rise 14.9 per cent in the year to September 2016.

House sales were up 68 per cent in Whanganui in November and real estate bosses expect the market to remain busy for the foreseeable future.

REINZ figures showed 96 homes were sold in Whanganui last month, up 68 per cent on the same month last year and up 14 per cent on October.

The median price of a Whanganui home was $185,000, up 13 per cent on October.

Property Brokers Whanganui branch manager Philip Kubiak said the company had a huge month in November, selling 51 properties worth $11.5 million.

"So that's another big month for us and it's a really good month for the city."

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

He said there was activity in most suburbs and the average sales price was up on the average valuation.

First-home buyers were active and investors were tightening up a bit as a result of new investment rules, said Mr Kubiak.

"We've got Aucklanders coming down here looking around.

Advertisement
Advertise with NZME.

"We've got people from Whangaparaoa, Hamilton, Auckland, Wellington, Christchurch, so it's a good sign."

Mr Kubiak said summer was typically a busy time in real estate and winter quiet.

"Winter was extremely busy ... We'll be straight back into it in January, I guarantee it."

Tim Hocquard, principal of Ray White Real Estate in Whanganui, said things were very upbeat, with more higher-value properties selling than before.

"So there's people coming to Whanganui prepared to buy a house at what we think in Whanganui is a very good price," he said.

He said a number of low-priced properties were bringing the median value down.

Local people, rather than absentee owners, were buying investment properties. These local investors were more inclined to ensure their properties were well looked after. Mr Hocquard expected many people to list their homes for sale in January, particularly those keen on upgrading.

"People make decisions over Christmas and New Year, life-changing decisions - we're expecting people to list their properties."

There would be plenty of buyers to snap those up.

"Some had missed out on properties in the past and were more prepared and ready to buy.

Advertisement
Advertise with NZME.

"So our market is changing a lot. We're certainly nowhere near as urgent as some of these bigger city markets but buyers are prepared to buy houses," he said.

Median house prices and sales volumes grew across New Zealand during November, according to REINZ.

Its figures showed 10 of 12 regions in New Zealand hit in November 2016, with the national median price also reaching a new mark of $520,000.

Only Auckland and Central Otago Lakes did not post record median prices.

The number of sales this November was 7576, an increase of 13 per cent on October. Sales volumes fell 6 per cent compared with November 2015.

The latest E-Valuer quarterly property report from qv.co.nz illustrates the rising value of real estate in Whanganui.

Advertisement
Advertise with NZME.

The figures show the median value of property in each suburb, with everywhere in Whanganui showing double-digit gains over the 12 months to September 2016 - Aramoho and Castlecliff being the big winners.

Save

    Share this article

Latest from Whanganui Chronicle

Whanganui Chronicle

Kāinga Ora needs to be ‘responsive to need’, says minister

04 Jul 06:00 PM
Whanganui Chronicle

Work begins on key phase of port project

04 Jul 06:00 PM
Whanganui Chronicle

Pop star to speak on new book at Whanganui Literary Fest

04 Jul 04:57 PM

There’s more to Hawai‘i than beaches and buffets – here’s how to see it differently

sponsored
Advertisement
Advertise with NZME.

Latest from Whanganui Chronicle

Kāinga Ora needs to be ‘responsive to need’, says minister

Kāinga Ora needs to be ‘responsive to need’, says minister

04 Jul 06:00 PM

'We want to take a very detailed specific look at what Whanganui needs' – Chris Bishop.

Work begins on key phase of port project

Work begins on key phase of port project

04 Jul 06:00 PM
Pop star to speak on new book at Whanganui Literary Fest

Pop star to speak on new book at Whanganui Literary Fest

04 Jul 04:57 PM
Premium
Gardening: Pruning deciduous fruit trees and roses

Gardening: Pruning deciduous fruit trees and roses

04 Jul 04:00 PM
From early mornings to easy living
sponsored

From early mornings to easy living

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Whanganui Chronicle e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Whanganui Chronicle
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Whanganui Chronicle
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • NZME Events
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • © Copyright 2025 NZME Publishing Limited
TOP