Property

Record Property Sales In Southland

Ongoing confidence in Southland property demonstrated by both residents and investors saw Harcourts' Invercargill and Gore offices enjoy their most successful month ever in February.

Tuesday, March 23rd 2004

Office owner Tony Jenkins says his teams wrote an average four property sale contracts per day, totalling 129 by the end of the month worth $23.3 million, or just over $800,000 a day.

"We are continuing to see a lot of rental property investors, with a growing number from Melbourne and Sydney in particular, viewing property on our website and in some cases buying 'sight unseen'."

One Australian investor bought 19 investment properties last month, while just this week they had managed the sale of two properties 'sight unseen' to a buyer from Indonesia.

Mr Jenkins added that there was also a continuing trend of local residents moving to more upmarket properties, reflecting the confidence they had in their local Southland economy.

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[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Heartland Bank - Online	6.69
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50