As our summer temperatures soar, the property market in Ōtaki town is off to a hot start this year.
Contributing to this trend are steady and low loan interest rates for home buyers and the ability for people to use their Kiwisaver funds towards their deposit.
There are more people moving into the district than leaving. Locals are staying put and changing properties to suit their future needs, albeit growing family or retirement. More of those coming into the district cite the expressway development in their decision to come to Ōtaki.
Houses in Ōtaki town are changing hands at an incredible rate. There are more sales than listings, hence the reduced stock available. Investors are back in the market in a big way. Houses are being sold before coming onto the market and those that had been withdrawn from the market are also being sold. Houses sold earlier in the year are occasionally changing hands for more money later in the year, for example a house sold in April for $320,000, was sold again in December for $350,000.
The interest in lifestyle properties is starting to warm up as people consider these as an option, and sections are beginning to sell again, with more building taking place.
The foreseeable future for Ōtaki and its surrounding district looks good. Increased confidence in Wellington, the roading developments coming to fruition, the new film museum and convention centre, increased government spending should all contribute to our local businesses doing well.
With 30 years ‘experience in the property market from Te Horo, Ōtaki and Manakau, Grant Robertson at First National Ōtaki can give sound advice on selling your existing property, buying and preparing for sale.
Ōtaki remains a desirable place to live, learn, work and play. Ōtaki is rapidly becoming the number one place in NZ to learn Te Reo. The town will soon be buzzing through two events of international acclaim soon to take place: the Ōtaki Kite Festival, 5th and 6th March and The Maoriland Film Festival from 23-27 March. Both these annual events are enjoyed hugely by both locals and visitors to the town.
Hang on to your seats!! Grant
Tailor made, just for you!
19 Dixie St, Te Horo Beach
If you seek a full-sized family home in new condition AND a 1 bedroom cottage for a family member, look no further!
This ideal full-sized corner section is well fenced, and only 2 minutes walk to the Beach. The excellent living areas, extra craft / family room, good sized bedrooms, lovely outdoors area, and of course that extra 1 bedroom accommodation option add up to top value.
Offers around $485,000