Where else can you buy a three-bedroom home for $150,000 just 20 minutes' drive from Wellington City? Former state houses (typically on generous 800-square metre sections) start at $142,000, and don't rise too steeply from there, with a median of around $170,000. A smart, three-bedroom weatherboard home redecorated, insulated and overlooking a reserve with a garage and a carport recently went for $212,000. These cheaper house prices allow families to sidestep cripplingly high mortgages, and live on one income if desired.
Real-estate prices here are influenced by government policy. Government landlord, Housing New Zealand, hasn't sold any of its Cannons Creek state houses in recent years, but should it do so, it is unlikely to sell too many at a time so as not to depress prices. Low prices here may become mere memories as the popularity of fashionable new neighbouring subdivision Aotea, rubs off on Cannons Creek and adds to its gradual positive transformation.