Things are looking up for Whanganui property owners, with fewer of them selling their homes at a loss.

While the latest CoreLogic report shows a higher percentage of properties are sold at a loss in Whanganui than any other urban centre in the country, at least things are getting better.

Just over 10 per cent of Whanganui property owners are selling their houses at a loss - and that is down from 40 per cent just three years ago.

CoreLogics Nick Goodall said prices in Whanganui fell further than in many areas after the global financial crisis and only recently returned to the same level as in 2007.


The key thing is some parts of the country, like Whanganui, havent gone through the same growth phase as other parts.

House values in Whanganui were up just 3 per cent from 2007, compared to 29 per cent in New Plymouth, Mr Goodall said.

Theres continued to be value growth since 2015, although thats flattened off in the last few months.

The median loss on each Whanganui loss-making property was just $15,000, slightly lower than in Palmerston North and New Plymouth.

The results were from the second quarter of this year, ending in June.

And property prices in Whanganui are up, despite a trend of slow growth in the main centres.

The average asking price for a house in Whanganui was $258,600 last month, and $153,500 for a unit, according to new Trade Me data.

Prices in the wider region were up 16.6 per cent from September last year, and in Whanganui urban area more than 10 per cent.

Property Brokers branch manager Philip Kubiak said prices were firm and holding.

Weve got a lot of buyer activity, he added.

The property market in Whanganui was good, with a number of properties receiving multiple offers.

House prices and sales in Whanganui continue to be strong, so were not following the trend of some larger centres.

He said house prices had improved significantly over the past few years.

Four, five, six years ago some investors and even homeowners would be taking a hit.