Monday 8 March 2004
Bayleys has sold two coastal subdivisions in the Coromandel for close to $4.5 million. Five sections surrounded by native bush with ocean views, which are part of a new subdivision planned for Te Karo Cove, sold for more than $2.2 million. The sections on Sailors Grave Rd near Tairua - ranging from 2122sq m to 2.1ha - sold for between $340,000 and $542,000, with the highest price achieved for the 2122sq m lot, which is directly opposite the beach.
By The Landlord
Commenting is closed
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.
Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.