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

Out-of-towners push up house prices

By Kim Fulton
Whanganui Chronicle·
15 Feb, 2016 08:31 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

The most expensive house in Whanganui sold for $770,000, while the cheapest was $40,000.

The most expensive house in Whanganui sold for $770,000, while the cheapest was $40,000.

The most expensive house sold in Whanganui last year changed hands for $770,000 while the cheapest was $40,000.

The most expensive house was on Dickens Lane in Otamatea and sold for $140,000 above its capital value (CV), according to Core Logic.

A house in Lilybank Rd in Brunswick sold for $670,000 and one on Edmonds Drive in Otamatea sold for $640,000.

The cheapest house sold in Whanganui last year went for $40,000 - half its CV of $80,000 - on Aotea St in Castlecliff.

A house on Glasgow St sold for $42,000 and one on Alexander St sold for $45,000.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Property Brokers Whanganui branch manager Philip Kubiak said an Aucklander had paid $40,000 to $50,000 more than the accepted value for a central city house recently.

"What we had is an out-of-towner willing to pay significantly more money for the property than the locals were looking at."

That was becoming more common as Aucklanders looked to get more "bang for their buck" in the provinces.

Advertisement
Advertise with NZME.

Mr Kubiak said some of the area's most expensive homes had sold in St John's Hill, College Estate and Flemington Rd.

A lot of the cheaper sales were mortgagee sales, which could skew the figures, said Mr Kubiak.

Tim Hocquard, principal of Ray White Real Estate in Whanganui, agreed there had been some "rather ridiculous" sales at the lower end of the market. Some were mortgagee sales and others were Housing New Zealand homes, he said.

Mr Hocquard said the Housing New Zealand homes were underpriced.

"They shouldn't be given away, they should be revalued and resold at the same price as the house next door."

Mr Hocquard said any house over $400,000 was expensive by Whanganui standards.

He said the Dickens Lane property from the CoreLogic data was a semi-rural property. He believed the most expensive urban residential property last year sold for $580,000.

Mr Hocquard said just a handful of properties sold in that higher price range last year. However, sales of higher-end properties were exceeding everyone's expectations this year.

In 2014, the three most expensive house in Whanganui were in Otamatea, according to CoreLogic.

The most expensive was on Eaton Crescent and sold for $800,000.

Advertisement
Advertise with NZME.

The cheapest house in Whanganui in 2014 sold for $35,000 on Seafront Rd in Castlecliff.

Nationally, the three most expensive houses sold in 2015 were in Auckland. The most expensive was a house on Remuera's Victoria Ave, which sold for $13.99m.

The three cheapest houses sold were in Southland and the Bay of Plenty.

The cheapest house sold for $12,000 on Birchwood Rd in Ohai, Southland.

In 2014, the three most expensive houses nationwide were in Remuera and Parnell. The three cheapest sold were in Kawerau.

-The CoreLogic data refers only to market-level confirmed residential sales. Some big sales may not be included on this year's list if they are yet to settle.

Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Whanganui Chronicle

Whanganui Chronicle

'Serious shortcomings' in pilot academy management and systems - authority

08 Jul 06:00 PM
Whanganui Chronicle

Health NZ stops funds for Fit for Surgery programme

08 Jul 05:01 PM
Whanganui Chronicle

$3.2m confirmed for rural health centre

07 Jul 09:14 PM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from Whanganui Chronicle

'Serious shortcomings' in pilot academy management and systems - authority

'Serious shortcomings' in pilot academy management and systems - authority

08 Jul 06:00 PM

NZQA says the academy is allowed to operate 'in a limited way'.

Health NZ stops funds for Fit for Surgery programme

Health NZ stops funds for Fit for Surgery programme

08 Jul 05:01 PM
$3.2m confirmed for rural health centre

$3.2m confirmed for rural health centre

07 Jul 09:14 PM
Taihape books return to premier final

Taihape books return to premier final

07 Jul 05:01 PM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

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