Property

Take the low road

Affording your own bach these days means going off the beaten track and checking out those less popular areas.

Monday, December 27th 2004

Don’t take the scenic route if you’re on the lookout for an affordable waterfront bach. That’s what everybody else has done so you’ll pay moonbeams for them. Instead, hunt out those little out-of-the-way places that are still relatively undiscovered.

You could easily be tempted by the affordable magic of Cornwallis, a little waterfront community accessed through Titirangi at the northern end of the Manukau Harbour. Bayleys is advertising an untouched classic Kiwi bach on the sandy shoreline with just a reserve between it and the water. And they’re expecting around $500,000.

Manager of Bayleys Titirangi office, Lynn Lacy-Hauck, says: "It has a feel of the 50s - the real deal, where we used to stay as teenagers. A black creosote bach, it’s had one lady owner for 40 years. There are others in the bush, but to get this close to the water is very rare."

She doesn’t know why the values out her way are lower, "but they are, and it’s great buying".

Laingholm, says Lacy-Hauck, is another very affordable beachfront area beyond Titirangi. You can buy for around $400,000 but it has become quite suburban in recent years.

Claire Miller of Bayleys recommends the Awhitu Peninsula, also on the west coast on the Manukau Harbour side. She has a bach for sale at Matakawau Bay, about one and a quarter hours away from Auckland, for just $550,000. "You get a quarter acre with a typical Kiwi bach and water access to a sandy beach. It’s like Whitianga 10 years ago. It’s just amazing."

Read More - Opens in a new window

Heartland Bank - Online 6.69
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
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
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

More Stories

Support for regulation

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Interest rate expectations: It’s not over yet

Thursday, March 07th 2024

Interest rate expectations: It’s not over yet

Most Kiwis think interest rate increases have peaked.