No doom or gloom with Waihi Beach property prices

In April 2022, the median sale price of a property in Waihi Beach was $1.47 million up 10.9 per cent on a year prior and up 136 per cent from three years ago. File photo/SunLive.

Waihi Beach property market is showing no sign of slowing down as the bustling beachside village continues to witness solid growth.

LJ Hooker at Waihi Beach reports people who have had enough of living in a city are seeking a lifestyle change.

“Despite the recent doom and gloom commentary about the property market, Waihi Beach continues to offer a ray of light with $101,265,444 worth of property being sold over the last 12 months,” says Mr Gary Alway, owner of local LJ Hooker Waihi Beach.

In April 2022, the median sale price of a property in Waihi Beach was $1.47 million up 10.9 per cent on a year prior and up 136 per cent from three years ago.

The median listed price was $1.4 million with the median days to sell sitting at 35 days.

“We believe there continues to be reasonable value growth in the Waihi Beach property market, and despite the current market uncertainty being fuelled by negative commentary, we are seeing new builds and construction projects occurring in Waihi Beach with simple baches being turned into multi-million-dollar beach front homes.

“With prices over the last 12 months ranging from $356,000 to $4,050,000 covering 62 sales, the median sale prices for a 2-bedroom property in Waihi Beach is now $1.17 million, with a 3 - 4-bedroom property sitting at $1.25 million and $1.56 million respectively. It is taking less than 40 days for properties to sell in Waihi Beach.

“If you’re wondering what the price of a 5-bedroom property is in Waihi Beach, you are looking north of $2.3 million.”

The Real Estate Institute of New Zealand House Price Index data show that year-on-year, the housing market value has lifted 3.7 per cent, up in Auckland by 0.6 per cent and outside of Auckland by 5.8 per cent.

“Waihi Beach is fast becoming a haven for people from Auckland, Tauranga, and Hamilton seeking the ability to work more from home while also appreciating that hard-to-find laid-back Kiwi beach holiday experience.”




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