Rural property boom reflected in NZ

Wednesday 22 September 2004

It looks as if the big money being paid for rural property in Australia is being reflected across the Tasman.

By The Landlord

A so-called fishing and hunting 'ranch' on New Zealand's North Island is on the market for US $40 million.

The 6,000 hectare estate is a holiday destination for Hollywood stars and world leaders, who pay US $900 a night to stay there.

But the owner's representative, Andrew Johnson, says there haven't been any Australian bids yet.

Read More - Opens in a new window
Commenting is closed

House Prices

No stopping Capital price rises

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.


NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.


LVR limits slow down investors

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.

Site by PHP Developer