Subdivision Sucess

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

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.

Commercial

Resilience needed in face of change

The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.

Mortgages

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