Three bedrooms, native wood, $20,000 . . . buy of the decade?

Monday 26 January 2004

While a Central Hawke's Bay sheep and cattle farm valued in 2003 at $2.8 million sold yesterday at auction for a staggering $3.61 million, an Auckland couple has picked up what could well be Hawke's Bay's cheapest house - a Wairoa home for a measly $20,000.

By The Landlord

The nearly 60-year-old three-bedroom house in Apatu Street, Wairoa, realised less than a quarter of last year's average sale price for Wairoa houses - $93,000.

It is believed to be one of the lowest sale prices in Hawke's Bay in more than 10 years.

Read More - Opens in a new window
Commenting is closed

Property News

Downward pressures might push investors out

There’s a major housing market downturn coming and it’s likely to reduce the number of investors in the market, according to ANZ economists.

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.


Industrial holdings leave Provincia in strong position

Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.


Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer