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


Manly Beach Bach Sale Sets “New Standard”

Manly Beach Bach Sale Sets “New Standard”

It didn’t have to be beachfront for a “classic Kiwi bach” in the popular Whangaparaoa community of Manly to achieve $700,000 at auction on Saturday 6 September.

Harcourts Whangaparaoa Sales Consultant, Trevor Hyland said the very old bach on a “quarter acre” section at 106 Ladies Mile was four houses back from the beach. One of the first five baches to be built at Manly, it had also been in the same family since 1932 and was still close to its original condition.

Mr Hyland estimated over 150 people had been through the open homes during the marketing campaign, which ran the four weeks leading up to the auction date. In front of a crowd of around 150 observers, ten keen bidders quickly took the $200,000 opening bid up until it finally sold to Auckland buyers for $700,000.

Mr Hyland, who achieved Number 5 Sales Consultant for Harcourts nationwide 2002-2003, said that in his 15 years of real estate, “this would have to be one of the more interesting properties I have marketed and has certainly set a new standard for property sales in the area.”

He added that the vendors had been approached with at least one good offer prior to the auction, but were committed to the auction date with an outcome that exceeded all expectations.

The auctioneer was Colin Hair, owner of the Harcourts Whangaparaoa office.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>