Hot price for tranquil lifestyle

Thursday 11 November 2004

The Ellingford family moved to South Shore in the early 1990s, attracted to the tranquillity of the Christchurch suburb.

By The Landlord

Ian Ellingford, a real estate agent, said he had a 200-name list of people wanting to move to South Shore.

"We moved in 12 years ago. We came here because of the beach and the relaxed atmosphere and the peace and quiet," he said.

"It's only 20 minutes outside the city and it feels like you're on holiday.

"We have seen a lot properties go on sale and they are snapped up immediately, sometimes before they go on the market."

Records show a sale price of about $120,000 for the Ellingfords' house in 1992. By 2001 the house had a capital value of $248,000, with the new capital value (based on a 70 per cent increase) expected to be about $430,000.

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 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