It’s not always as “safe as houses” in these districts. We take a look at some districts that haven’t recovered since the ’07 peak and the subsequent ’08 financial crisis.
This data was originally featured by Susan Edmunds
Ruapehu District -11%
Containing Taumaranui & Ohakune, this district has seen a dip since 2007, from $146k – $130k. The small strip in Ohakune is brimming with life in the winter months so maximising the summer travellers could be a way of revitalising!
Wairoa District – 19%
Sitting at the northern end of the Hawke’s Bay region, Wairoa dipped from $135k to $109k. However, Wairoa has become a hub for Rocket Lab & space launches. Perhaps more of the high-tech industry will be moving here in the near future!
Waitomo District -20%
In the years since 2007, the Waitomo district has dipped from a median sales price of $175k to 140k. Te Kuiti as the stronghold of the region capitalises on the nearby Waitomo Caves.