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Hamilton Riverside Hot Property For Buyers

· Hamilton Riverside Hot Property For Buyers
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· The current emphasis on waterfront properties nationwide is also finding its way to Hamilton’s riverside as reported by Harcourts’ Top Sales Consultant in Central North Island (2002-2003), Mike Thomas.
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· Mr Thomas, who works out of Harcourts’ Hamilton City office, recently marketed the contemporary home at 1204B Victoria Street which he described as having “stunning river views from virtually every room in the home”.
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· The auction held last Thursday 7 August saw a very keen buyer open the bidding $100,000 higher than expected with buyer interest quickly culminating in the final price of an outstanding $730,000.
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· Mr Thomas said while it was unusual to see a bidder open the bidding so high, it reflected the huge buyer interest in good quality property along the river front. He added that he had at least seven keen buyers in the $500,000-$700,000 price range wanting to purchase in the area.
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· Having bought and renovated a riverside property himself in the last few years, Mr Thomas has certainly noticed the increasing popularity of riverside property, particularly in the last two years. “People will buy anything on the river, even if it means they have to renovate or rebuild.”
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· He added, “I’ve lived in Hamilton all my life and have been selling real estate since 1990, and this is the busiest and most challenging market I’ve ever seen. I’ve literally got an exercise book full of buyers I’m trying to satisfy, with an increasing number of Auckland based investors buying up properties around the $200,000 range as rental property.”

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