Business Central August 2024

| 9 Bayleys - Whanganui REGIONAL Bayleys Whanganui is actively working with Whanganui District Council regarding some strategic developments. Rachel. Bayleys - Whanganui PROUD TO SUPPORT PH 06 344 7503 4 1 184 Glasgow St Wanganui www.walkerthomas.co.nz amenities and natural attractions including. In tandem, the wider region including Tongariro National Park is fast becoming a year-round centre of activity with snow sports in winter and excellent tramping and mountain bike tracks as well as freshwater fishing. Bayleys Whanganui is actively working with Whanganui District Council regarding some strategic developments aligned with its Long Term Plan. “There’s an industrial park being developed at Westbourne Industrial Estate and we are selling through that to try and attract new business to Whanganui. There’s also work to try and attract a hotel here in Whanganui and we are doing a bit of work behind that.” While the real estate market has been pinched by higher interest rates and inflationary pressures, there are still opportunities in this cycle for people with equity, John says. With a median house price of $482,000 in September last year, there are also opportunities for people to move to Whanganui from other centres and to use their equity for a better, and potentially mortgage-free, lifestyle. Bayleys Whanganui regional general manager Rachel Thompson says there is a good overall stock of housing available, from entry level to high-end properties, with new builds available starting from around $729,000. “We’ve definitely got a lot of options out there. The average sale price for May was just short of $500,000 so it’s very affordable.”

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