Serene, remote - and yours for $14.75m

Coastal property prices are spiralling out of control. Jonathan Milne reports on the boom and where it will hit next... Bay of Islands, Whangarei, Orewa, Waiheke, Omaka, the entire Coromandel, Mt Maunganui, Tauranga, Gisborne, Hawke's Bay, the Kapiti Coast, Nelson, Banks Peninsula, the Catlins - such property is out of reach for most New Zealanders. So is New Zealand running out of coastline? Already enterprising developers are churning out assembly-line canal townships to create more of the valuable commodity. Pauanui was the first canal resort, and the first residents moved into nearby Whitianga Waterways this year. Matakana Island in the Bay of Plenty, and Ruakaka in Northland, will be next to boast exclusive canal towns.

Sunday, August 17th 2003, 6:33PM

by The Landlord

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Buoyant Auckland market leads house prices up »

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Lender

Flt

1yr

2yr

3yr

AIA - Back My Build

6.19

AIA - Go Home Loans

8.74

7.24

6.75

6.65

ANZ

8.64

7.84

7.39

7.25

ANZ Blueprint to Build

7.39

ANZ Good Energy

1.00

ANZ Special

7.24

6.79

6.65

ASB Bank

8.64

7.24

6.75

6.65

ASB Better Homes Top Up

1.00

Avanti Finance

9.15

Basecorp Finance

9.60

Bluestone

9.24

Lender

Flt

1yr

2yr

3yr

BNZ - Classic

7.24

6.79

6.65

BNZ - Green Home Loan top-ups

1.00

BNZ - Mortgage One

8.69

BNZ - Rapid Repay

8.69

BNZ - Std, FlyBuys

8.69

7.84

7.39

7.25

BNZ - TotalMoney

8.69

CFML Loans

9.45

China Construction Bank

7.09

6.75

6.49

China Construction Bank Special

Co-operative Bank - First Home Special

7.04

Co-operative Bank - Owner Occ

8.40

7.24

6.79

6.65

Lender

Flt

1yr

2yr

3yr

Co-operative Bank - Standard

8.40

7.74

7.29

7.15

Credit Union Auckland

7.70

First Credit Union Special

7.45

7.35

First Credit Union Standard

8.50

7.99

7.85

Heartland Bank - Online

7.99

6.69

6.45

6.19

Heartland Bank - Reverse Mortgage

Heretaunga Building Society

8.90

7.60

7.40

HSBC Premier

8.59

HSBC Premier LVR > 80%

HSBC Special

ICBC

7.85

7.05

6.75

6.59

Lender

Flt

1yr

2yr

3yr

Kainga Ora

8.64

7.79

7.39

7.25

Kainga Ora - First Home Buyer Special

Kiwibank

8.50

8.25

7.79

7.55

Kiwibank - Offset

8.50

Kiwibank Special

7.25

6.79

6.65

Liberty

8.59

8.69

8.79

8.94

Nelson Building Society

9.00

7.75

7.35

Pepper Money Advantage

10.49

Pepper Money Easy

8.69

Pepper Money Essential

8.29

Resimac - LVR < 80%

8.84

8.09

7.59

7.29

Lender

Flt

1yr

2yr

3yr

Resimac - LVR < 90%

9.84

9.09

8.59

8.29

Resimac - Specialist Clear (Alt Doc)

8.99

Resimac - Specialist Clear (Full Doc)

9.49

SBS Bank

8.74

7.84

▼7.29

▼6.59

SBS Bank Special

7.24

▼6.69

▼5.99

SBS Construction lending for FHB

SBS FirstHome Combo

6.19

6.74

SBS FirstHome Combo

SBS Unwind reverse equity

9.95

Select Home Loans

9.24

TSB Bank

9.44

8.04

7.55

7.45

Lender

Flt

1yr

2yr

3yr

TSB Special

8.64

7.24

6.75

6.65

Unity

8.64

6.99

6.79

Unity First Home Buyer special

6.45

Wairarapa Building Society

8.60

6.95

6.85

Westpac

8.64

7.89

7.35

7.25

Westpac Choices Everyday

8.74

Westpac Offset

8.64

Westpac Special

7.29

6.75

6.65

Median

8.64

7.29

6.65

NZ's Financial Adviser News Centre

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Serene, remote - and yours for $14.75m

Sunday, August 17th 2003, 6:33PM

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