Coastal land values threaten Kiwi holiday dream
Wednesday 14 April 2004
The days of the Kiwi beach camping holiday could be numbered, with Northland being the latest region to face the loss of a number of beachfront campgrounds due to skyrocketing land values.
By The LandlordBlue Heron Holiday Park at Tamaterau, 14km south-east of Whangarei, is the most recent listing on the market, with its owner Maureen Ross saying it was likely to be bought for development.
The land on which Ngunguru Holiday Park operates is also for sale – its lease expires in 2009 – and several campgrounds in the Far North, including Taipa Holiday Park, are also for sale.
The 8170sq m archetypal Blue Heron site, nestled on the edge of Whangarei Harbour beside a prime fishing spot, is being marketed as an "irreplaceable waterfront location".
Mrs Ross would not discuss the price, saying that would be set by the amount a buyer was prepared to pay.
Read More - Opens in a new window
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.
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.