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.

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