Open homes this weekend
Whitianga 28 Centennial Drive Friday 10:45am - 11:15am For Sale $990,000 Neill Fawcett 0274 872 717
Whitianga 19 Carina Way Friday 11:30am - 12:00pm For Sale $949,000 Neill Fawcett 0274 872 717
Whitianga 24 Springbok Ave Friday 12:45pm - 1:15pm For Sale $825,000 Neill Fawcett 0274 872 717
Whitianga 5 Dundas Street Friday 1:30pm - 2:00pm For Sale $855,000 Neill Fawcett 0274 872 717
Whitianga Apt 16, Oceans Resort, 18 Eyre Street
Saturday 9:45am - 10:15am For Sale $825,000 Sonia Bruce 0274 333 111
Hahei 21A Harsant Avenue Saturday 10:00am - 10:30am Negotiation Linda Bird 027 482 7273, Marcus Holmes 021 930 819
Whitianga 325 Cook Drive Saturday 10:30am - 11:00am For Sale $1,175,000 Kylie Pullen 021 163 6514, Belinda Sammons 027 272 7728
Whitianga 32/73 South Highway Saturday 10:30am - 11:15am For Sale $1,300,000 Sonia Bruce 0274 333 111
Whitianga 17/73 South Highway
Whitianga 40/73 South Highway
Whitianga 28 Centennial Drive
Coroglen 2217 - 2221 SH25
Whitianga 57 Kupe Drive
Whitianga 36 Spikes Way
Hahei 56 Hahei Beach Road
Tairua 8 Grey Avenue
Whitianga 19 Carina Way
Whitianga 14 Santa Maria Drive
Whitianga 4a Nicholas Ave
Whitianga 9 Awatea Drive
Whitianga 24 Springbok Ave
Whitianga 6 Roseberry Place
Saturday 10:30am - 11:15am For Sale $1,450,000 Sonia Bruce 0274 333 111
Saturday 10:30am - 11:15am Asking Price $849,000 Sonia Bruce 0274 333 111
Saturday 10:45am - 11:15am For Sale $990,000 Neill Fawcett 0274 872 717
Saturday 11:00am - 11:30am For Sale $1,995,000 Linda Bird 027 482 7273, Marcus Holmes 021 930 819
Saturday 11:00am - 11:30am Negotiation Peter Neumark-Payne 021 153 6797
Saturday 11:00am - 11:45am For Sale $1,500,000 Neil Kember 021 0840 5991
Saturday 11:00am - 12:00pm For Sale $1,695,000 Lea Jurkovich 027 733 9955
Saturday 11:00am - 11:30am Negotiation Sandie Faiers 027 622 7717
Saturday 11:30am - 12:00pm For Sale $949,000 Neill Fawcett 0274 872 717
Saturday 12:00pm - 12:30pm For Sale $839,000 Peter Neumark-Payne 021 153 6797
Saturday 12:15pm - 12:45pm For Sale
$799,000 Neil Kember 021 0840 5991
Saturday 12:15pm - 12:45pm Negotiation Alana Baker 021 051 7455
Saturday 12:45pm - 1:15pm For Sale $825,000 Neill Fawcett 0274 872 717
Saturday 1:00pm - 1:30pm For Sale $1,549,000 Peter Neumark-Payne 021 153 6797
Whitianga 16 Whitby Ave Saturday 1:00pm - 1:30pm For Sale
Henderson 027 662 9558, Bev Calder 027 279 4401
Whitianga 105 Kupe Drive Saturday 1:00pm - 1:30pm For Sale $1,290,000 Alana Baker 021 051 7455
Whitianga 7 Cholmondeley Crescent
1:00pm - 1:30pm For Sale
Whangamata 1079 & 1095 Tairua Road SH25 Saturday 1:00pm - 1:30pm
Whitianga 5 Dundas Street
Wharekaho 6 Tohetea Lane
Whitianga 2 Oscar Place
Whitianga 14 Cook Drive
Rings Beach 2 Waiari Way
Whitianga 5 Aquila Drive
Whitianga 46 Catherine Crescent
Puriri 84 Puriri Valley Road
Beach 2 Waiari Way
Tairua 8 Grey Avenue
Hahei 56 Hahei Beach Road
Ngatea 32 Mahana
Kember 021 0840 5991
Scholson 021 636 519, Gordon McGregor 021 998 810
1:30pm - 2:00pm For Sale $855,000 Neill Fawcett 0274 872 717
1:30pm - 2:15pm
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Wharekaho 6 Tohetea Lane Sunday 11:45am - 12:30pm Auction Kylie
Whitianga 14 Santa Maria Drive
Whitianga 9 Awatea Drive
11 Mangotahi
Mercury Bay winter update
As we find ourselves in the midst of the typically quieter winter months, the real estate market remains softened but stable on the peninsula.
Big picture
Another OCR (Official Cash Rate) announcement passed quietly last month with no change. The OCR has now remained at the same level for 12 months, continuing to suggest the interest rate hikes we saw from late 2021 to early 2023 are behind us. Equally however, we are yet to see any relief on interest rates. Although most economists have forecast this relief for later this year, interest rates remain the Reserve Banks only means of curbing inflation. With the likes of food prices, insurance and fuel prices increasing due to varied economic factors, risk remains around inflation which may push the Reserve Bank to delay any such reduction on our interest rates into next year, extending the flat market
Supply - record listings
Supply is the biggest story of 2024 so far with listing numbers at the highest level we have seen for at least 7 years. To the end of April, 285 new listings had already come onto the market in Mercury Bay this year. There are now 526 properties for sale in the Mercury Bay Ward 26% more than this time last year and exponentially higher than the 89 which were on the market when it was at its hottest point in August 2021. In Whitianga alone, there are 195 properties available. This means good choice for buyers.
Demand
A greater number of buyers have also returned to the market compared with last year, bringing an element of balance to pricing. To the end of April, 55 properties had sold in Mercury Bay, 57% more sales than the 35 which had sold in the same period last year, in the midst of the summer storms.
Pricing - stable
Pricing has remained stable since the price drops of 2022 and early 2023, with only a nominal 0.17% separating values between now and one year ago. Despite the increased number of sales, the large volume of listings combined with relatively high interest rates, would suggest that they will remain stable at current levels for the foreseeable future.
Although clearance rates are down in the auction room, auctions remain the method of sale with the highest success rate within 60 days of going to market.
With the increased choice for buyers, it is simply more important than ever to ensure your property is attractively presented, creatively marketed, and priced at a well justified level. This will allow you to stand out from the crowd and sell significantly faster than the median time on the market which now sits at 78 days.
Shaun Paterson Director –
Bayleys Coromandel 021 793 807
shaun.paterson@bayleys.co.nz
MH REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008
Pricing remains stable after the dramatic post covid cycle.
Rare opportunity to own a piece of paradise
Located at the pristine Rings Beach, the access to white sands is just across the road. Set on a flat 1,689sqm (mol) section, this near new build has everything you could need and includes an extra large double door shed, ideal for parking your boat and storing all your extra toys. The covered outdoor area is ideal as a workshop or dedicated shed space. The home is separated into two wings with the open plan living and kitchen located to the right. Close the barn door to the living area, turn on the gas fireplace and cosy up on the couch. Bifold doors from the lounge open out to a covered entertaining area. Two bedrooms and a bathroom downstairs and the elegant master suite is located upstairs with large sliding doors offering access to the private covered balcony, perfect for enjoying the views of the ocean.
bayleys.co.nz/2201537
Immaculate home with dedicated space for your boat
Welcome to a pristine slice of paradise – a like-new property nestled in the idyllic Waterways neighborhood. This stunning residence offers a harmonious blend of modern luxury, convenience, and natural beauty. High ceilings meet lush gardens and premium waterways living. The immaculate property boasts a like-new condition, ensuring a move-in-ready experience for its new owners. Natural light floods the living spaces, enhancing the sense of warmth and tranquility. One of the highlights of this residence is the expansive outdoor space. The additional driveway offers room to park your boat or campervan at the back of the property. The outdoor areas have been thoughtfully curated and beautifully landscaped. This property isn't just a house; it's a canvas for your lifestyle. bayleys.co.nz/2201376
sqm 3 4
Auction (unless sold prior) 11am, Thu 25 Jul 2024 96 Ulster Street, Hamilton
View Sat 2.45-3.30pm & Sun 10.30-11.15am
Belinda Sammons 027 272 7728
belinda.sammons@bayleys.co.nz
Kylie Pullen 021 163 6514
kylie.pullen@bayleys.co.nz
For Sale $1,290,000
View Sat/Sun 1-1.30pm or by appointment Alana Baker 021 051 7455 alana.baker@bayleys.co.nz
Your bespoke lifestyle
The timeless elegance of this tranquil location with extensive water and rural views will impress the discerning lifestyle buyer. The designer kitchen opens onto a split-level living area making entertaining so easy for you. A feature polished concrete double aspect fireplace keeps both living areas snug and warm. Four bedrooms, master with gorgeous water views, double glazing, solar hot water, well designed shed with high stud ceiling, large garage with workshop area plus two additional rooms. Air bnb, studio, and small business options here.
bayleys.co.nz/2201468
16.64 ha 4 2 2 For Sale $2,395,000 View by appointment Peter Neumark-Payne 021 153 6797 peter.neumark-payne@bayleys.co.nz
REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008
Premium Purangi lifestyle
Accessed via a long driveway offering a good degree of privacy where you are hidden away, but so close to everything. The large 18.874 hectare (MOL) land holding has good contour going from flat to sloping and is well fenced into 18 paddocks. Offering good grazing with a rocky creek flowing on the boundary. With gentle elevations giving you options to craft your new home and far-reaching rural views offering peace and tranquility. Location is the strong point here, being so close to some of our best beaches, plus the hub of Cooks Beach, Hahei and Hot Water Beach are all just minutes away.
bayleys.co.nz/2241209
18.874 ha Price by Negotiation View by appointment
Peter Neumark-Payne 021 153 6797
peter.neumark-payne@bayleys.co.nz
BAYLEYS,
Whitianga 403 Purangi Road
A long-awaited opportunity
• Opportunity to acquire substantial land holding
• Multiple titles for future landbank or development
• Proven business model and potential for growth
• Seaview across Tairua Harbour
Uncover the long-awaited opportunity you've been seeking with this prime freehold going concern, nestled by the tranquil shores of Tairua Harbour. Offering expansive land holdings and multiple titles, this property is not only a secure investment but also a canvas for future development dreams. bayleys.co.nz/2201497
Boundary lines are indicative only
Ready to occupy
• Vacant possession provides options
• Food grade processing factory
• Ideally situated for industrial activities
Welcome to 112 Wattle Place, Whangamata – where opportunity meets action. Formerly home to "Whangamata Seafoods," this dynamic industrial site is ready for new ownership and new possibilities. With vacant possession, the options are wide open. Whether you're eyeing a similar venture or have a completely different vision in mind, this property's infrastructure is primed for success. bayleys.co.nz/2201520 Boundary lines are indicative
3,650 sqm 1,307 sqm
Tender (unless sold prior) Closing 4pm, Thu 11 Jul 2024
7 The Esplanade, Whitianga View by appointment
Josh Smith 027 229 8865 josh.smith@bayleyscoromandel.co.nz
lines are indicative only
Auction (unless sold prior) 12pm, Thu 11 Jul 2024
96 Ulster Street, Hamilton View by appointment
Josh Smith 027 229 8865 josh.smith@bayleyscoromandel.co.nz
Whangamata 112 Wattle Place
Tairua 7 Tui Terrace and 14 Wharf Road
Move in ready – don’t miss out
This beautifully presented home has many features that you will love. The first lounge can be shut off to be a separate space/TV room and the spacious kitchen, dining and second lounge area are open plan. Large sliding doors lead to a covered outdoor dining area, creating indoor/outdoor flow ideal for entertaining and the comfy outdoor lounging area has an outdoor fireplace/ pizza oven set on the concrete patio. Off the hallway you will find a bedroom and a three way bathroom with another two bedrooms down the hall. At the end of the hall is the master bedroom with large walk-in, fully tiled shower. The section is completely fenced in for pets and the double garage has marine carpet and internal roof storage. At night this this property looks stunning with light features throughout the immaculate garden. Situated across the street from a public pontoon to take your paddle board and kayaks. bayleys.co.nz/2201416
