Freehold Section in Wairoa

Here is a freehold town section, tucked away in a small cul de sac. There is a new house being built next door, and there are established properties in the neighbourhood. All town services, including fibre, are available at the boundary.

Wairoa is getting lots of investor attention at the moment, touted to be a small town to watch, with rising rents, increasing property values and a steady influx of out of town buyers relocating to the area. Geographically, the district boasts the pristine fresh waters of Lake Waikaremoana, and the spectacular Mahia Peninsula, home to Launch Complex 1, the world's only private orbital launch range.

The news of potential industrial and commercial ventures suggest that there will be increased employment in the area, which correlates to increased demand for accommodation.

As the town grows, and more people relocate to the area from out of town, we are seeing some great capital gains achieved by sellers. Recent sales of town sections in Wairoa have been in the range of $28,000 - $48,000.

Current district council rates are $1,794.70 (2018/2019) and RV is $19,000.