Enquiries in the hundreds : The housing market boom arrives on Central Hawke s Bay s coast
22 Feb, 2021 12:26 AM
4 minutes to read
Paoanui Point development section at Pourerere Beach, Central Hawke s Bay. Photo / Supplied
Hawke s Bay s southernmost beaches are for many holidaymakers and daytrippers the last bastion of regional remoteness. But a generation realising that working from anywhere is an option, and the eye-watering cost of coastal property further up the coast, is turning the tide quickly towards a property boom.
Pourerere, Blackhead and Porangahau Beach are all generating significant interest from buyers, Quotable Value s general manager David Nagel said, as buyers look further afield for their dream investment.
Press Release – REINZ Hawkes Bay is leading the property pack proving a post lockdown land of milk and money, continuing to outstrip the rest of the country with the highest annual growth rate in house price values. But experts warn an overheated market is fast …
Hawke’s Bay is leading the property ‘pack’ proving a post lockdown land of milk and money, continuing to outstrip the rest of the country with the highest annual growth rate in house price values. But experts warn an overheated market is fast drying up what’s being labelled a “chronic supply shortage.”
Coastal development Paoanui Point, Pourerere Beach, Hawke’s Bay
Friday, 19 February 2021, 8:35 am
Hawke’s Bay is leading the property ‘pack’ proving
a post lockdown land of milk and money, continuing to
outstrip the rest of the country with the highest annual
growth rate in house price values. But experts warn an
overheated market is fast drying up what’s being labelled
a “chronic supply shortage.”
Coastal development
Paoanui Point, Pourerere Beach, Hawke’s Bay
The
latest REINZ House Price Index figures reveals
Gisborne/Hawke’s Bay posted a 30.7% annual growth rate
increase in house prices, ahead of Manawatu/Wanganui and
Wellington with a 26.0% increase.
But REINZ Chief
Executive Bindi Norwell says overall, the total pool of