Himatangi house prices head skyward
Thursday 8 January 2004
One of the last bastions of the dirt-cheap beach bach has joined the great tide of coastal property prices.
By The LandlordThe village of Himatangi, with its "Ava Rest" and "Costa Mint" Fibrolite baches, is up for grabs as buyers find Foxton Beach and other more southerly beach spots too expensive.
Prices for both sections and baches are on the move. One woman told the Manawatu Standard she was offered $40,000 for a large corner section and caravan she bought two years ago for $12,000. Other properties are selling for double their valuation.
Another village resident said people are trying their luck by asking for some optimistic prices on property "you couldn't give away" a year or so ago.
Read More - Opens in a new window
Commenting is closed
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.