Property Management

Shy and retiring or boom town?

The people of Mahia value the peace and beauty of the area. Now, it seems, everyone wants a piece. Bernard Carpinter reports.

Monday, January 05th 2004

Right now, the population of Mahia in northern Hawke's Bay is about 10 times the normal level.

The permanent population of the remote Mahia Beach township is about 800, but sun, surf and scenery bring in holidaymakers in their thousands.

More and more of those visitors are looking at buying houses or sections – but some will get a fright when they see the way prices are rising around Mahia Peninsula, between Wairoa and Gisborne.

Local people point out sections in the sleepy-looking township that are changing hands for $100,000 and one man tells of buying a house and then watching its value rise by $5000 a week in a few months.

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Unity First Home Buyer special 3.99
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.39
ANZ Special 4.49
Kiwibank Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
TSB Special 4.49
Westpac Special 4.49
BNZ - Std 4.49
Co-operative Bank - Owner Occ 4.49
TSB Special 4.49
Westpac Special 4.49
Wairarapa Building Society 4.59
SBS Bank Special 4.65
ANZ Special 4.65
ASB Bank 4.65
BNZ - Std 4.65
AIA - Go Home Loans 4.65
Nelson Building Society 4.69
Kiwibank Special 4.69
Kainga Ora 4.75
SBS Bank Special 4.99
Westpac Special 4.99
TSB Special 5.39
ICBC 5.39
BNZ - Std 5.39
AIA - Go Home Loans 5.39
ASB Bank 5.39
ANZ 5.49
Co-operative Bank - Owner Occ 5.49
Kainga Ora 5.49
SBS Bank 5.59
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.25
AIA - Back My Build 4.44
Heartland Bank - Online 5.45
Co-operative Bank - Owner Occ 5.70
Co-operative Bank - Standard 5.70
ANZ 5.89
TSB Special 5.94
ASB Bank 5.99
BNZ - Std 5.99
ICBC 6.09

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