Thursday, February 23, 2012
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Sales quantities and prices mixed

Residential property sale quantities for January in Tauranga, Mount Maunganui and Papamoa are all down on December last year, but up on January 2011. The latest Real Estate Institute of New Zealand figures show there were 93 sales made in Tauranga in January this year, compared with 66 in January 2011. It was less, however, than the 108 sold in December. In...

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Strand Bars replacement looms

With the redevelopment of the Horny Bull site looming, the designer of the new building speaks of regrets at being unable to reach agreement with the Tauranga City Council over Masonic Park. How the block will look next summer. Picture: Noel Jessop Architecture The buildings housing The Horny Bull, Como Cucina and Buddha Lounge are expected to be knocked...

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New warranty for leaky home repairs

A month-old insurance package aimed at keeping leaky homeowners in the market has Bay of Plenty builders in the signing up process. The WaterTight Warranty guarantees repairs made to leaky homes. The warranty costs, but it can add $100,000 to the value of a formerly leaky home, says Builtin managing director Jim Rickard. Builtin NZ is the company...

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Old family business up for sale

The Baker family is selling the timber processing business it has operated in Katikati since 1934. Baker Timber Supplies occupies 2.243 hectares of industrially zoned land adjacent to State Highway 2. Baker Timber Supplies is up for sale. Four generations of the Baker family have worked the timber yard and business, starting with matriarch Flo’...

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Court stops Matakana subdivision

A plan by developers Blakely Pacific Ltd to subdivide and sell its forestry land at the northern end of Matakana Island has been stopped by the Environment Court. The proposal was to create forty-eight 40ha lots out of the almost 2000ha of Matakana Island forest Blakely Pacific owns. Matakana Island. Download a subdivision plan here: Proposed_Matakana_Subdivision.pdf The...

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Property values flat

QV’s Residential Price Index for October shows property values in Tauranga are 0.5 per cent lower than they were at the same time last year. The index shows values have been flat for most of the year, but there are signs of slight increases in recent months. A graph detailing the decrease in property values. The average sales price for Tauranga...

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Fireplace rule a market cooler

Bay of Plenty Regional Council is reminding Rotorua property buyers of a new rule which bans the selling of homes with open fires and non-compliant solid fuel burners. The Rotorua Air Quality Control Bylaw and in particular the Point of Sale Rule mean that from May 1, next year, properties in the Rotorua airshed cannot be sold with solid fuel...

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Housing market due to pick up

The Tauranga housing market is expected to pick up in the next three months as people look to move into the Bay of Plenty for summer. Registered valuer for QV Valuations in Tauranga Shayne Donovan-Grammer says the Tauranga market has not seen any significant changes in the last few months, but expects a gradual increase in activity from now until the...

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Property sales picking up

Residential property sales volumes are up in the Tauranga, Mount Maunganui and Papamoa, and Western Bay of Plenty country areas. The latest statistics from the Real Estate Institute of New Zealand show for the three month period ending August the number of sales in these areas are at five year highs. In Tauranga there were 110 sales at a median sale...

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First home buyers keen on Opotiki

First home buyers and kiwifruit orchardists are investing in Opotiki property despite recent figures putting it in the bottom 10 places for value. Figures from Quotable Value New Zealand show the average house prices in the Opotiki area have dropped by 9.4 per cent in the year ending in August. With an average house price of $156,722, Opotiki sits...

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