Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Increasing Number Of Aucklanders Moving To Country

27 July 2005

Increasing Numbers Of Aucklanders Moving To The Country

Auckland property investors and homeowners are increasingly heading for the country, according to Harveys Waikato regional manager Gerald van der Meer.

Gerald recently sold a 3 bedroom weatherboard bungalow in Morrinsville at auction to an Auckland couple for $197,000.

He says the residential property on a 1450sqm potential development site attracted an unusually large auction turnout by Morrinsville standards of 80, with the majority coming from Auckland.

“There is a lot of investor interest in the Waikato area at the moment, especially by people from Auckland. Many of them commented that there was no way they could purchase properties of this value for anywhere near the same price in Auckland,” says Gerald.

He cites another recent sale in Rotorua to an Auckland couple who were now going to relocate to Rotorua with their family. He says they had not been able to purchase a suitable property in Auckland within their price range.

“We are now seeing increasing evidence of more and more Aucklanders looking towards the Waikato either as an investment for good weekly returns or more providing far better value for money as a family home,” he says. “And throughout the region we are still experiencing good capital gains across all sectors of our market.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news