Buying a House in Marton
The town of Marton is characterized by a beautiful natural terrain and exceptional cultural properties. The town is the largest urban area in terms of population in the district of Rangitikei, with a bustling centre and adorable agricultural settlements where the population engage in deer keeping, sheep rearing, cattle rearing, among other farming related activities. The town currently attracts residents from the city who are looking for a slower pace of life.
The town has a population of over 6,000 with over 80% of the residents living in private residential properties that they own or co-own. The influx of city dwellers has seen an increase in house prices in Marton with median listing price for residential property standing at $440,000 which is a substantial increase over recent years.
Marton property prices are set to grow rapidly in the wake of New Zealand’s runaway housing market that has accelerated expeditiously. Though the majority of houses were constructed between 1960 and 1969, they are well maintained since they are privately owned, with only a small portion of residents renting.
History of Marton, New Zealand
The Marton town was formerly referred to as Tutaenui developed as a colony in the mid-1860s when four individual explorers began to dissect the tiny encampment. The resident changed the settlement’s name from Tutaenui that translates to dung heap, changing it to Marton back in 1869, in honour of Captain James Cook, a British navigator; who had first landed in New Zealand approximately a century before.
Marton is a supply centre for regional farming community that has switched from supplying animal products to growing wheat, among other big crops. Marton was established in 1866 with a general store, two warehouses and sundry blacksmiths who made Marton the place to get all your horse requirements sorted.
By 1978, Marton had opened a railway line that connected Whanganui to Palmerston North. The development transformed Marton’s railway station into a thriving trading station maintaining the spot for the next century. Marton was heavily affected by the railway downsizing of the 1980s and 1990s with the impacts becoming more severe in the late 1990s.
Marton Rural, New Zealand
Marton has a population of over 5,000 with a median age of just over 45 years and consists of over 90% European and 10% Maori and other ethnic groups. English is the most commonly spoken language with the residents practicing different religions from Islam, Christianity, Hinduism, and Buddhism, to those who don't believe in any religion.
The majority of residents are fully employed combined with those employed, the town has an employment rate of over 70% and a low unemployment rate of 2.3%. In terms of occupation, most residents are managers taking up 30%, labourers follow by 17%, professionals are third at 13%, and the rest is shared among community workers, sales workers, machinery operators, trade workers, and technicians.
Real estate in Marton under private residential ownership stands at 57.5% with 19.7% holding property in a family trust. The area has an average median income of $34,500, with only 16.6% earning more than $70,000.
Marton property prices are much lower than the national average that stands at over $1.35 million. Marton North has a median income of $24,000, with only 8.3% earning over $70,000 considering most of its residents are labourers making up 19.5% of the entire workforce. The town is religious, with Christians making up 46.3% of the population followed by residents who don't believe in any religion who take up 40%. Maori religions, beliefs, and philosophies together with other religions are followed by small portions of residents. Its elevated religious beliefs are responsible for 52% of marriages staying without divorce or separation.
House prices in Marton are attractive to most people looking to buy a house in New Zealand, with a total of 1,362 private properties 1,239 of which are occupied. 60.5% of the houses in Marton North are owned or partly owned privately, with 10.7% of the houses held in a family trust.
Marton South, New Zealand
With a population of just over 2,000 84.6% of Marton South residents believe they have access to at least six basic amenities. Only 5.3% of the population has a Bachelor's degree or level seven qualification, with 32.7% claiming to not qualify at all. The rest of the population is spread between secondary school qualifications and level one certificates.
Marton South has a lower full-time employment rate when compared to other areas standing at 39.8% and also has the highest unemployment rate at 5.2%. Property for sale in Marton has seen a boom since the growth of the median income has increased in recent times. The area has around 900 private dwellings with about 2/3rds owning or partly owning their homes. Marton, with its temperate climate, makes the town favourable for different types of farming and an escape for city dwellers looking to slow down the pace of life. Real estate in Marton is expected to reach over $1 million over the coming years riding on the national wave that is accelerating house markets.
If you are looking to buy a house in Marton be it rural or residential now is the perfect time to make a purchase, especially as Ohakea (Airforce) is expanding with hundreds of Airforce staff expected to move to the area in the near future.
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