Wanganui

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

August 2019

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 544 properties listed for individual sales with a median of $314,000. sale, over the past 12 months, which is lower than the same time last year. This has impacted sales with 630 taking place over The most traded suburb for homes in our area has been Gonville the past 12 months. Looking at the market, the best performing with 159 homes sold over the past 12 months. Dwelling prices in suburb, over the past 12 months, has been Castlecliff which Gonville have performed strongly with growth of 25.7% and now has seen its median sales price grow by 26.5%. The median have a median price of $215,000. sales price of a home in Castlecliff is now $189,800. Gonville The time it takes to sell a home in our region ranges from 14 days saw its median sales price grow by 25.7% with the median price in Aramoho to 31 days in Saint Johns Hill. now sitting at $215,000 and Durie Hill grew 21.2% across 34

Suburb performance Strongest growth 26.5% Castlecliff 12 months SOLD

SOLD Castlecliff 150 $189,800 26.5% 18 Most traded 159 Gonville 159 $215,000 25.7% 24 Gonville properties Durie Hill 34 $314,000 21.2% 23 Fastest sellers 14 Springvale 119 $329,000 19.0% 24 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 125 homes were listed for sale over the past year.

Homes in Gonville have an average land size of 755 square metres.

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

The median value of dwellings in Gonville is $254,450. This is higher than the median sales price which is currently $215,000.

Over the past 12 months, buyer interest has lifted with 159 homes sold this year compared to 155 sales last year.

Homes are typically selling within 24 days.

Sales prices have grown by 25.7% 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 Average Days Total Value Median Indicative Gross Properties Sold Sale Price in Median Price on Market of Sales Asking Rent Rental Yield 159 $215,000 25.7% 24 $35.95m $310 6.3%

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

1/126 Bell Street, Whanganui 221A Puriri Street, Castlecliff

2 1 1 0m2 2 1 1 0m2

Sale Price $211,100 Property Type UNIT Sale Price $189,000 Property Type Ownership ho Sale Date26/07/19 Days on Market 11 Sale Date26/07/19 Days on Market 19

15 Akatea Street, Gonville 36 Hatrick Street East, Whanganui

3 1 1 1126m2 4 1 0 395m2

Sale Price $120,000 Property Type Dwelling Sale Price $188,600 Property Type Dwelling Sale Date22/07/19 Days on Market NA Sale Date19/07/19 Days on Market NA

2 Argyle Street, Whanganui 70 Surrey Road, Springvale

3 1 1 466m2 4 2 3 650m2

Sale Price $215,000 Property Type Dwelling Sale Price $438,000 Property Type Dwelling Sale Date19/07/19 Days on Market 10 Sale Date16/07/19 Days on Market 21

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

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