Property

Hot price for tranquil lifestyle

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

Thursday, November 11th 2004

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.

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[OPINION] Recessionary times

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Heartland Bank - Online	6.69
TSB Special	6.74
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.49
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

TSB Special	6.29
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
BNZ - Classic	6.55
Kiwibank Special	6.55
Co-operative Bank - Owner Occ	6.55
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50