Long considered one of New Zealand’s most affordable regions, Waitaki has seen a property boom in recent years. Here’s our pick of where to buy
For decades it’s been the sleeping beauty of the South Island. Waitaki District is blessed with spectacular scenery, lakes, beaches, ski fields and the heritage city of Oamaru. The district, that straddles North Otago and South Canterbury, is experiencing a renaissance of interest that has seen a property boom in recent years.
Long regarded as one of the most affordable regions of New Zealand, it is now punching above its weight, recording a median house price rise over the past four years of 48.3 percent, against a national average of 28.6 percent. There’s still plenty of very attractive properties selling for extremely reasonable prices but with investors looking at Waitaki with increasing interest it will be interesting to see what the market will hold in coming years.
Here’s our pick of properties that are great value for families or offer very special experiences.
1. Calling all families
This solidly built house in Oamaru just needs an injection of personality to be a welcoming home. Sited to catch the sun, it has a level, fenced garden that’s perfect for kids and pets.
A deck out the back will be the spot for family barbecues. There’s plenty of potential here to update some features but’s all ready to move in and enjoy now. The bonus is you can enjoy tranquil rural views just 10km from Oamaru.
2. Gracious living
This exceptional Palmerston home offers unique space and character only 40 minutes from Dunedin, or 50 minutes from Oamaru. Set on 1.4 ha with a pond, mature trees and lovely landscaped gardens this really is a special spot to make your own.
There’s so much space here, with several living areas packed with character features and a farm-style kitchen.
Five bedrooms offer plenty of room for family and guests and all enjoy picturesque views out over the surrounding countryside. A gracious home, Applecross really is an antidote to city life.
3. Character cutie
This little Oamaru beauty is just the answer for buyers keen to leave the rental market behind.
The cute cottage has plenty of street appeal and is on a generous site that offers many options for future projects if and when you’re ready.
The living area is warmed by the original range which gives the space plenty of personality. Add three generous bedrooms and you’ve got a great package for the budget conscious.
4. Beach retreat
A relaxing lifestyle awaits the new owners of this spacious Moeraki home — who wouldn’t want to soak in the spa on the upstairs verandah and sip a glass of wine while enjoying the wonderful views?
The downstairs living area is spacious with a well-appointed kitchen and cosy fireplace. Add to that double glazing, insulation and heat pumps and you will enjoy the fabulous location so close to the beach whatever the season.
There’s plenty of space to park the boat and even an outdoor bench to fillet the catch of the day.
5. Stone stunner
Built from Oamaru Stone, with a lovely wide L-shaped covered verandah, this striking Weston home sits on a large landscaped site.
There’s all the home comforts here with a light living room with double-glazing and wood burner set to warm winter nights. The bedrooms are all a generous size and the kitchen and bathroom are well-presented.
You can enjoy cooking veges fresh from your garden and relax knowing the kids can play safely in the fully fenced garden.
6. Just dreaming
This as-new Lake Ohau home makes the most of the spectacular views over the Lake to the mountain range beyond.
Feature windows in the open plan living area flow to a wrap-around verandah and that view, as do the bedrooms. The kitchen and three bathrooms are finished to a high spec and the master even has a walk-in wardrobe.
There’s nothing to do here except plan your next ski trip or hike while you sit in the spa pool enjoying the dramatic outlook. The home is offered fully furnished.
Words by: Sarah Beresford.