Wanganui

Your local property report This report covers your local suburbs of , , Durie Hill, Gonville, Saint Johns Hill, Springvale, and .

February 2021

Brought to you by the team at LJ Hooker Wanganui pq ph. 06 345 6123 ef [email protected] wx wanganui.ljhooker.co.nz Your local property report

What’s happening in our local property market

Recent Sales (12 months)

At LJ Hooker Wanganui our goal is to provide you with the information you need to make confident decisions about property - whether you are buying, selling, investing or renting. We have created this report which details local market conditions and how property is performing in your area which at times can be very different to the combined performance of the capital cities. Let us help you stay on top of changes in your local property market every month.

Across our local market, we have seen 532 properties listed for sale, The most traded suburb for homes in our area has been Gonville with over the past 12 months, which is higher than the same time last 147 homes sold over the past 12 months. Dwelling prices in Gonville year. This has impacted sales with 614 taking place over the past 12 have performed strongly with growth of 23.5% and now have a months. Looking at the market, the best performing suburb, over the median price of $305,000. past 12 months, has been Castlecliff which has seen its median sales price grow by 42.7%. The median sales price of a home in Castlecliff The time it takes to sell a home in our region ranges from 15 days in is now $276,888. Aramoho saw its median sales price grow by 32.5% Aramoho to 22 days in Saint Johns Hill. with the median price now sitting at $314,000 and Saint Johns Hill grew 24.3% across 50 individual sales with a median of $522,000.

Suburb performance Strongest growth 42.7% Castlecliff 12 months SOLD

SOLD Castlecliff 141 $276,888 42.7% 17 Most traded 147 Aramoho 121 $314,000 32.5% 15 Gonville properties Saint Johns Hill 50 $522,000 24.3% 22 Fastest sellers 15 Gonville 147 $305,000 23.5% 21 Aramoho days SOLD Number sold (12 months) Median Price Median Growth 12 months Median Days on Market

Wanganui Your local property report

This month it’s all about Gonville

One of the most popular suburbs in our region is Gonville where 133 homes were listed for sale over the past year.

Homes in Gonville have an average land size of 686 square metres.

The suburb is tightly held with residents typically holding their home for 10 years.

The median value of dwellings in Gonville is $347,350. This is higher than the median sales price which is currently $305,000.

Over the past 12 months, buyer interest has eased with 147 homes sold this year compared to 148 sales last year.

Homes are typically selling within 21 days.

Sales prices have grown by 23.5% over the past 12 months. All of this means it is now a great time to sell in Gonville.

Recent Sales (12 months) Snapshot on Gonville

SOLD

Number of Median Average Change in Average Days Total Value Median Indicative Gross Properties Sold Sale Price Median Price on Market of Sales Asking Rent Rental Yield 147 $305,000 23.5% 21 $46.68m $380 5.7%

Sales and Listings – Gonville Prices and change – Gonville

Number of properties listed for sale Median change in sales price (%) Number of properties sold Median sales price over 5 years

Wanganui Your local property report

Recent Area Sales

21 Forres Street, Durie Hill 22 Lincoln Road, Springvale

4 2 1 2145m2 3 1 2 651m2

Sale Price$551,000 Property Type Dwelling Sale Price$451,000 Property Type Dwelling Sale Date22/12/20 Days on Market 9 Sale Date18/12/20 Days on Market 1

18C Mathieson Street, Whanganui 23 Portal Street, Durie Hill

2 1 1 0m2 4 3 2 708m2

Sale Price$374,400 Property Type Ownership ho Sale Price$585,000 Property Type Home & incom Sale Date18/12/20 Days on Market 2 Sale Date10/12/20 Days on Market NA

10 Tongariro Street, Castlecliff 4 Nathan Street, Springvale

2 1 4 1012m2 2 1 1 535m2

Sale Price$200,000 Property Type Dwelling Sale Price$379,000 Property Type Dwelling Sale Date08/12/20 Days on Market NA Sale Date08/12/20 Days on Market 5

Wanganui LJ Hooker Wanganui Real Estate Associates Ltd Licensed REAA 2008 ph. 06 345 6123 [email protected] wanganui.ljhooker.co.nz

Data for this report is provided by CoreLogic RP Data. In compiling this publication, CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. This data is provided as general information only and is not intended as financial advice. For our complete terms and conditions of use, go to www.corelogic.co.nz