HouseNZ$1,650,000
Wanaka
5 bd 3 ba 315 m²
Wanaka Property for Sale: Lake and Alpine Homes in Central Otago
74 homes and apartments for sale in Wanaka, New Zealand.
Photo: K8 / Unsplash
Properties for sale in Wanaka
24 properties shown
HouseHouseNZ$2,850,000
Wanaka
5 bd 2 ba 384 m²
HouseNZ$3,450,000
Wanaka
5 bd 2 ba 363 m²
HouseNZ$1,395,000
Wanaka
3 bd 1 ba 165 m²
HouseNZ$1,090,000
Wanaka
3 bd 2 ba 130 m²
HouseNZ$2,365,000
Wanaka
4 bd 3 ba 348 m²
HouseNZ$1,350,000
Wanaka
4 bd 2 ba 133 m²
HouseNZ$1,101,000
Wanaka
4 bd 3 ba 170 m²
HouseNZ$825,000
Wanaka
2 bd 1 ba 96 m²
HouseNZ$1,000,000
Wanaka
3 bd 2 ba 108 m²
HouseNZ$1,549,000
Wanaka
3 bd 1 ba 193 m²
HouseNZ$2,195,000
Wanaka
5 bd 3 ba 240 m²
HouseNZ$2,450,000
Wanaka
5 bd 1 ba 266 m²
HouseNZ$725,000
Wanaka
2 bd 1 ba 70 m²
ApartmentNZ$899,000
Wanaka
2 bd 1 ba 78 m²
HouseNZ$1,749,000
Wanaka
3 bd 1 ba 179 m²
HouseNZ$3,700,000
Wanaka
5 bd 4 ba 388 m²
HouseNZ$1,995,000
Wanaka
5 bd 3 ba 256 m²
HouseNZ$2,100,000
Wanaka
4 bd 2 ba 230 m²
HouseNZ$1,180,000
Wanaka
3 bd 2 ba 174 m²
ApartmentNZ$839,000
Wanaka
2 bd 1 ba 76 m²
HouseNZ$1,650,000
Wanaka
4 bd 2 ba 240 m²
HouseNZ$1,600,000
Wanaka
4 bd 2 ba 180 m²
HouseNZ$5,300,000
Wanaka
4 bd 1 ba 254 m²
Buyer's guide: Wanaka
Wanaka sits on the shore of Lake Wanaka beneath the Southern Alps, with two ski areas, a growing year-round population and some of the highest house prices in New Zealand. We list 73 properties, with a median asking price of €697,012 so Wanaka real estate is a premium lifestyle market.
Wanaka price data
Asking prices come from current listings on RealEstateAbroad and have been converted into euros from New Zealand dollars. The small sample means that individual large properties can affect the figures.
| Indicator | Value |
|---|---|
| Listings | 73 |
| Median asking price | €697,012 |
| Middle half (p25 to p75) | €449,186 to €1,049,266 |
| Median price per m² | €4,562 |
| Median size | 210 m² |
What types and sizes
Houses dominate (54), with 17 plots and 2 apartments. Bedrooms: three (19), five-plus (12), four (11) and two (5). Most homes are large detached properties, many of them designed for holiday letting or retirement. Browse houses in New Zealand and land in New Zealand for national supply.
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Living in and around Wanaka
The town centre sits along the lake, with a lakefront promenade, cafés and the famous solitary tree in the water. Albert Town, a few minutes along the Clutha River, and Lake Hawea, a smaller lake community to the north, offer slightly lower prices. Ski fields at Cardrona and Treble Cone are about 40 minutes away and Mount Aspiring National Park is a short drive. Roys Peak is a famous hike, and mountain biking, golf and wine from Central Otago add to the appeal. Queenstown is about an hour away by road, and Wanaka has its own small airport.
The population is growing quickly, and local infrastructure such as roads, water and wastewater has been under pressure. Many sections are in new subdivisions, so it pays to check building covenants and design controls. Snow, frost and wildfire-like grass fires are part of the local climate.
Ownership is often by way of a trust or company, and local lawyers can explain how each structure affects tax and consent. Many owners use their Wanaka home for part of the year and let it for the rest, which brings property-management fees of a meaningful percentage of rental income.
Wanaka's scarcity is built in: limited flat land, strict subdivision rules and demand from people who want to live and play in the mountains.
Overseas buyer rules in New Zealand
New Zealand restricts purchases by many overseas people. As a rule, people who are neither citizens nor residents cannot buy existing homes, although Australian and Singaporean citizens are exempt, and new apartments in approved developments may be available to overseas buyers. Residents holding a resident visa and meeting residency requirements can buy. Bare land, farmland and lifestyle blocks can also require consent. Because the rules are changing, speak to a New Zealand lawyer before committing.
Other practical points:
- Due diligence. Use a LIM report from the council, a building inspection and a title search.
- Water and septic. Rural homes outside reticulated systems rely on tank water and on-site wastewater. Confirm consents.
- Visitor accommodation rules. The Queenstown Lakes District Council applies rules on short-term lets, so check consent before buying to rent.
- Natural hazards. Alpine fault, flood and avalanche hazards vary by site.
See our New Zealand buying guide and New Zealand financing guide.
Other New Zealand regions
Compare with Auckland, Wellington, Canterbury, Waikato, Bay of Plenty and Northland. The country page is property for sale in New Zealand.
Last updated 8 October 2026
Buying property in Wanaka: FAQ
Can I buy a house in Wanaka as a foreign citizen?
Usually not an existing home unless you are Australian or Singaporean or hold a qualifying resident visa. Some new builds may be available. Take legal advice before making an offer.
How much is a house in Wanaka?
The median asking price in our listings is €697,012 with the middle half between €449,186 and €1,049,266.
Is Wanaka good for rentals?
There is strong demand from visitors in summer and winter, but council rules on short-stay accommodation apply.
How far is Wanaka from Queenstown?
About an hour by road, depending on conditions.
What are the risks?
Alpine conditions, limited infrastructure in fast-growing subdivisions and high entry prices are the main risks.
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