Commentary

Waipukurau residential property values have remained relatively stable since the end of the property boom, with the median sale price fluctuating around $200,000 plus or minus $40,000. The fortune of Waipukurau, which acts as a service centre to the local rural community, is very much determined by the prosperity of the local farmers. Waipukurau is also seen as a more affordable option for those willing to commute to work in Hastings.

The Central Hawke’s Bay District Council have been very accepting of small lifestyle developments within Central Hawke’s Bay. A lot of lifestyle development has occurred since the 1990’s and much of it is of a reasonably good standard. This development has given rise to in an oversupply of lifestyle blocks resulting in very competitive prices. This has placed downward pressure on values at the upper end of the value range in Waipukurau.

Median property values in Waipukurau are on par with Waipawa, but tend to be more affordable than most areas of Napier and Hastings.

Our valuers are regularly in Central Hawke’s Bay, and are well placed to provide you with expert valuation advice in Waipukurau.