About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, October 17th, 4:35PM
Check out GoodReturns TV now! Dismiss
Mortgage Rates Daily Commentary
Friday 13 October 2017  Add your comment
Sharpening rates for Spring

Westpac has shaved 15 basis points off its standard and Special three-year fixed rates making them the most competitive of the main banks. They are only outdone by HSBC.

See how three-year rates stack up here.

This follows on ASB taking a leading position in the one-year fixed term recently.

rss
Latest Headlines

Big bikkies for beach baches

Many Kiwis are now seeing coastal land as a first-class investment, while "absolute beachfront" properties in particular are fetching some colossal prices.

Wednesday, February 28th 2001, 2:08PM

by Paul McBeth

Many Kiwis now see coastal land as a first-class investment, while "absolute beachfront" properties in particular are fetching some colossal prices

Many Kiwis are now seeing coastal land as a first-class investment, while "absolute beachfront" properties in particular are fetching some colossal prices.

The latest bulletin from Bayleys Research lists some recent sales for beachfront properties near Auckland, including:

  • A basic bach with a long drop on 945 sq m at Beach Parade, Oneroa, Waiheke Island: this sold for $700,000.
  • A fibrolite bach on 1,179m at Kuaotunu near Whitianga: $614,000.
  • A house at Omaha (an easy drive from Auckland) on 1,018 sq m sold for $1.2 million. Bayleys says that Omaha properties that are on the beach and have good views are selling for well over $1 million, while houses one row back - even those with beach access - are selling for $500,000 to $600,000.

Bayleys Research says that more and more New Zealanders are realising that their beachfront house is not just a holiday home but that it's fast becoming the family nest egg. It says that the value of prime beachfront sections can now be worth two or three times more than a section one back from the beach.

"In essence, a two-tier market has evolved as a result of limited supply and excess demand for prime beachfront properties.

"While this demand is strong around out-of-Auckland beaches, similar markets have evolved around Wellington and Christchurch."

 

 

 

Paul is a staff writer for Good Returns based in Wellington.

« Modest pick-up predictedNo hurry for house prices »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 5.05 5.19 5.49
ANZ Special - 4.55 4.69 4.99
ASB Bank 5.80 4.75 4.99 5.29
ASB Bank Special - 4.39 4.69 4.99
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.59 4.69 5.09
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 5.00 5.20 -
Housing NZ Corp 5.79 4.75 4.99 5.29
HSBC Premier 5.79 4.19 4.29 4.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.95 5.15 5.59
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.55 4.65 5.09
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special 5.00 - 4.75 -
SBS Bank 5.89 4.99 5.19 5.59
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.59 4.69 5.09
Sovereign 5.90 4.75 4.99 5.29
Sovereign Special - 4.39 4.69 4.99
The Co-operative Bank - Owner Occ 5.75 4.55 4.69 4.99
The Co-operative Bank - Standard 5.75 5.05 5.19 5.49
TSB Bank 5.80 4.80 5.15 5.45
TSB Special - 4.55 4.69 4.99
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.19 ▼5.44
Westpac - Capped rates - 5.26 5.36 -
Westpac - Offset 5.95 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 4.59 4.74 ▼4.94
Median 5.82 4.78 4.99 5.29

Last updated: 13 October 2017 9:47am

Previous News

MORE NEWS»

News Bites
Compare Mortgage Rates
Compare
From
To
For

To graph multiple lenders, hold down Ctrl key while clicking in list box

Also compare rates to OCR
Find a Mortgage Broker

Add your company

Use map
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com