Our population is growing and we are building housing to welcome new arrivals, while those who already own homes are enjoying watching the real estate market gain in value. This is a great place to invest, and to put down roots for a prosperous future.
Most recent data from Real Estate Institute of NZ records Whanganui’s median house price at $521,000, a rise of over 40% on the previous year. On the national housing affordability index, Whanganui sits at 3.9 points, while New Zealand is at 6.3 points. The index shows the ratio of the average current house value to average household income. Whanganui’s lower ratio is favourable – a higher ratio suggests that median houses cost a greater amount of typical incomes for an area.