Wairarapa District including Masterton
Forecast population: 45,462
Over the hill and a world away
With seal colonies, top-class wineries, remote native bush, a short distance from the Tararua mountains, luscious farmland and the famous Martinborough vineyards, I am unsure why you wouldn't want to live here. The region is an adventure playground with climbing, mountaineering, surfing, ballooning, both salt and freshwater fishing, jet boating, 4WD tours, and skydiving to name a few, all featuring among activities.
The area has a charming combination of cafes, art galleries, and a “time gone by” feel to it.
Wairarapa's,Times age reported in 2019:
The rate of annual growth in property values is holding in Wairarapa and Tararua while it sinks in Auckland.
Quotable Value statistics for April show 20.1 per cent annual growth in Tararua, 12.2 per cent in Masterton, 12.3 per cent in Carterton and 8 per cent in South Wairarapa.
In March, the annual growth rates were 21.7 per cent in Tararua, 12.3 per cent in Masterton, 11.6 per cent in Carterton and 6.7 per cent in South Wairarapa.
Nationwide, the CoreLogic QV House Price Index for April rose 2.7 per cent during the past year. This is a minor improvement on the 2.6 per cent in March but the improvement was 7.6 per cent a year ago.
QV general manager, David Nagel, said while the rate of national value growth was slow year-on-year, “our more affordable regions continue to attract plenty of buyer demand resulting in solid value growth”.
Dwelling values were tracking 8.2 per cent higher during the year across the combined 13 provincial centres.
Separately, the realestate.co.nz website put out an April property report that showed the average asking price in the Wairarapa region had increased by 4.3 per cent to $483,491 and the number of new listings were up by 11.7 per cent to 105 on a year ago.
And Property Brokers predicted the boom in the regions will continue.
The real estate firm said 500 of the 3,400 properties sold in the North Island in 2018 were to buyers from Auckland or Wellington, who were either relocating or investing in the regions.
This was good news for the housing market in the regions because it indicated the Auckland-centric nature of New Zealand’s property market continued to change, Property Brokers said.
“Auckland is no longer seen as the only place to make money in the residential housing market. People are seeing that there are good deals in the regions.”
Property Brokers also said the raft of compliance changes and legislation regarding rental properties was causing investors to sell and they were being picked up by first home buyers.
“For us at Property Brokers, we are seeing good results in many of our provincial markets, especially Manawatu, Wanganui, Horowhenua, Wairarapa and Hawke’s Bay.
If you are interested in roles in this region area, we are keen to engage.