Bullish property market in Buller

Thursday 28 October 2004

Some Buller properties have leapt in value by more than 500 per cent in the latest district valuation.

By The Landlord

Overall the value of the Buller District increased 80% since the last valuation in 2001.

The increases were strongest among coastal properties from Punakaiki to Karamea and reflect two years of unprecedented property sales.

"It's everywhere along that coastline. The coastline is just not long enough, really," Buller real estate agent Ross Shaw said. "It's as if people have just discovered the West Coast."

Even the old coalmining township of Granity was enjoying the boom times. "Properties that we might have sold for $50,000 a few years ago would have more than doubled, easily," said Shaw.


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.

Commercial

Demand challenges for commercial sector

Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.

Mortgages

LVR loosening likely - ANZ

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.

Site by PHP Developer