Boom time in chalet market
It's boom time in the Ohakune ski chalet market and the level of building now is unprecedented since before the 1987 stock market crash. For example a chalet selling for $55 ,000 in 1 993 would fetch $72,000 today. The market isn't quite on the scale of Queenstown, but according to local real estate agents the level of interest is higher because houses are affordable and the chalet look is popular. Most of the interest is from Auckland and many houses are bought jointly by two or more families
or a group of friends. Interest is focused on Turoa Alpine Village (where more chalets are available for sale); and Miro Park and Southridge where demand is so high and houses so limited that the average property sells for $100,000. People are paying a lot, and apparently using their properties more in the summer now, taking advantage of the many summer activities available. Although generally chalets remain empty November - June, and full in the ski season.
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Ruapehu Bulletin, Volume 12, Issue 585, 9 May 1995, Page 2 (Supplement)
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170Boom time in chalet market Ruapehu Bulletin, Volume 12, Issue 585, 9 May 1995, Page 2 (Supplement)
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