Northland news in brief: After 39 bids, Waipū home sells for $1.615m; SH1 stretch closed this weekend
15 Mar, 2021 04:00 PM
3 minutes to read
Northern Advocate
A three-bedroom, two-bathroom Waipū property has sold for $1.615 million under the hammer after being brought forward with an agreed opening sum of $1.4m.
After three registered bidders competed to the tune of 39 bids, the eventual buyers of 111 Massey Rd were a couple who work in digital animation and can work from home.
Ray White Bream Bay salesman James Alexander, who called the auction from the front lawn of the property, said the bidding was an absolute frenzy from the get-go.
Funds bought shares of NTPC and IndusInd Bank to the tune of Rs 700 crore each; while in L&T, they were buyers worth Rs 650 crore during the month, said Edelweiss.
Mumbai: Mutual funds continued to trim their holdings in various blue-chip stocks in February as continued redemption pressures prompted money managers to offload liquid stocks.
Edelweiss Alternative Research said in a note that mutual funds sold Rs 2,800 crore worth of shares of Bharti Airtel, Rs 1,700 crore worth of HDFC Bank, Rs 1,500 crore worth of Reliance Industries and offloaded Rs 1,400 crore worth of HDFC shares.
Funds bought shares of NTPC and IndusInd Bank to the tune of Rs 700 crore each; while in L&T, they were buyers worth Rs 650 crore during the month, said Edelweiss. In the last few months, mutual funds are selling heavyweights because of net outflows in equity mutual fund schemes and heavyweights are easier to trim because of liquidity, said Abhilash Pagaria, senior manager, Edelweiss Alternative Research.
Deposit rates in Tauranga rise $33,000 in 12 months, One Roof data shows
12 Mar, 2021 05:00 PM
8 minutes to read
First home buyers in Tauranga are having to save $33,000 more for a deposit than they did a year ago, new data shows. The latest figures from OneRoof/Valocity show the deposit for a typical house in Tauranga is $33,000 more than it was 12 months ago. In Rotorua, it is $24,000 more.
EVE s Realty agent Mark Roy sold a Tauranga couple, who had been in the market for more than a year, their first home last week.
One of the buyers had been in tears at the auction of the Otumoetai property when the hammer slammed down and she realised she had finally locked down her first home, he said.
More than 50 buyers interested in Sumner seaside bungalow in first weekend
10 Mar, 2021 08:49 PM
2 minutes to read
The three-bedroom, one-bathroom house has been owned by the same family for the past 21 years. Photo / RayWhite
The three-bedroom, one-bathroom house has been owned by the same family for the past 21 years. Photo / RayWhite
Digital producer, Christchurch, NZ Heralddevon.bolger@nzme.co.nz
The housing market across the country is booming and what is happening in the Christchurch suburb of Sumner is no exception.
A beach bungalow on Wiggins St that is currently up for sale had 56 groups who showed interest during the first weekend, RayWhite Ferrymead real estate agent Pip Sutton said.