Wanganui

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

August 2020

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 577 properties listed for sale, The most traded suburb for homes in our area has been Castlecliff over the past 12 months, which is higher than the same time last with 128 homes sold over the past 12 months. Dwelling prices in year. This has impacted sales with 548 taking place over the past 12 Castlecliff have performed strongly with growth of 36.9% and now months. Looking at the market, the best performing suburb, over the have a median price of $256,000. past 12 months, has been Castlecliff which has seen its median sales price grow by 36.9%. The median sales price of a home in Castlecliff The time it takes to sell a home in our region ranges from 12 days in is now $256,000. Gonville saw its median sales price grow by 33.8% Durie Hill to 22 days in Springvale. with the median price now sitting at $289,000 and Aramoho grew 33.2% across 94 individual sales with a median of $285,000.

Suburb performance Strongest growth 36.9% Castlecliff 12 months SOLD

SOLD Castlecliff 128 $256,000 36.9% 18 Most traded 128 Gonville 123 $289,000 33.8% 21 Castlecliff properties Aramoho 94 $285,000 33.2% 18 Fastest sellers 12 Durie Hill 42 $370,000 17.8% 12 Durie Hill 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 Castlecliff

One of the most popular suburbs in our region is Castlecliff where 126 homes were listed for sale over the past year.

Homes in Castlecliff have an average land size of 763 square metres.

The suburb is tightly held with residents typically holding their home for 9 years.

The median value of dwellings in Castlecliff is $292,200. This is higher than the median sales price which is currently $256,000.

Over the past 12 months, buyer interest has eased with 128 homes sold this year compared to 152 sales last year.

Homes are typically selling within 18 days.

Sales prices have grown by 36.9% over the past 12 months. All of this means it is now a great time to sell in Castlecliff.

Recent Sales (12 months) Snapshot on Castlecliff

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 128 $256,000 36.9% 18 $33.68m $350 6.2%

Sales and Listings – Castlecliff Prices and change – Castlecliff

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

33 Hereford Street, Springvale 31B Ward Street, Aramoho

2 2 1 507m2 2 1 1 0m2

Sale Price$357,000 Property Type Dwelling Sale Price$247,500 Property Type Ownership ho Sale Date24/07/20 Days on Market 69 Sale Date23/07/20 Days on Market 32

5 Hipango Terrace, Durie Hill 17A Moana Street, Whanganui East

3 1 1 529m2 2 1 1 0m2

Sale Price$553,000 Property Type Dwelling Sale Price$310,000 Property Type Dwelling Sale Date23/07/20 Days on Market 100 Sale Date22/07/20 Days on Market 28

10 Niblett Street, Whanganui 20D Liverpool Street, Whanganui

2 1 1 0m2 2 1 1 0m2

Sale Price$285,000 Property Type Dwelling Sale PriceUndisclosed Property Type Ownership ho Sale Date21/07/20 Days on Market NA Sale Date21/07/20 Days on Market NA

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