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Wanaka Rental Property Market Update November 2024

As predicted a few months ago, properties are now renting faster as summer approaches. The average time it takes to find new tenants is between one and three weeks.

Properties in greatest demand are 3 and 4 bedroom homes. However, there are an increasing number of one-bedroom flats attached to homes, particularly in Longview, Lake Hawea, where many new homes have recently been completed. These one-bedroom units are also very popular with couples or singles tired of living with other people and keen for a space of their own.

Rentals in central Wanaka never go out of favour. Many tenants do not have a car so a property within walking distance of work, cafés and the lakefront are always in demand.

We have also seen a renewed interest in executive style homes for discerning families or professional couples.

We are often asked what sort of tenants we get in Wanaka. They come from all corners of the globe. Many are locals looking for a new place as their current home is being sold or the owners are moving back in. Then there are people moving from the bigger cities to try out the outdoorsy, wholesome Wanaka lifestyle. A number of tenants are either building their forever homes or moved here because of a new job. We take care to screen all tenants and match them with owners’ wishes and requirements.

Check out current homes available or give us a call or email for free advice