The proposed development at Te Arai Beach first covered in April of this year appears to be a significant development with 650 forest homes and a 200-unit village resort. The development features a golf course, hall, shops with 75 per cent of the development consisting of public areas.
The Te Arai Beach development is located: in a 5.3km long pine forest on dunes fronting Te Arai Beach, south of Mangawhai harbour and north of Pakiri Beach. To view the full article see the link below. http://www.nzherald.co.nz/section/1/story.cfm?c_id=1&objectid=10433273
Has anyone heard whether this development has progressed any further given the objections being raised by the Department of Conservation?
Tuesday, 20 November 2007
Tuesday, 13 November 2007
How much is too much?
Is the humble Kiwi holiday home in danger of becoming a financial victim of the investment market and speculative buyer? It appears that gone are the days when you just through up a tin shed on your new section and made do. The Kiwi Bach has become a significant asset in anyone’s terms and is well on the way to being treated as more of a strategic purchase by those with the money to buy premium sites.
Sunday’s New Zealand Herald featured a $NZD 2.2 Million Bach for sale on Waiheke Island’s Onetangi beach. For this you get a small two bedroom house on a 835 sqm section.
Now that’s a serious level of investment for a new buyer even in today’s property market, especially when considering a future ROI. However if you look at the figures with the original purchase price of $1200.00 and a 45 year term, that’s a sound interest rate.(see linked article for details)
http://www.nzherald.co.nz/section/1/story.cfm?c_id=1&objectid=10475247
So is this a sustainable model for the next 45 years or have we reached a price ceiling based on New Zealand earnings and salaries? It certainly appears that there is a different pricing bracket for those properties that are considered an exceptional New Zealand location. Remember by international standards we are still a cheap buy, especially when you consider prices in Europe and America not to mention the currency exchange rate. Better save your pennies.
Sunday’s New Zealand Herald featured a $NZD 2.2 Million Bach for sale on Waiheke Island’s Onetangi beach. For this you get a small two bedroom house on a 835 sqm section.
Now that’s a serious level of investment for a new buyer even in today’s property market, especially when considering a future ROI. However if you look at the figures with the original purchase price of $1200.00 and a 45 year term, that’s a sound interest rate.(see linked article for details)
http://www.nzherald.co.nz/section/1/story.cfm?c_id=1&objectid=10475247
So is this a sustainable model for the next 45 years or have we reached a price ceiling based on New Zealand earnings and salaries? It certainly appears that there is a different pricing bracket for those properties that are considered an exceptional New Zealand location. Remember by international standards we are still a cheap buy, especially when you consider prices in Europe and America not to mention the currency exchange rate. Better save your pennies.
Monday, 12 November 2007
Are New Zealand holiday homes going global?
It appears that there is an increasing level of interest in New Zealand’s holiday homes from international travelers. Whether it is the possibility of staying on the beach for relatively cheap nightly prices by international standards, or experiencing the Kiwi lifestyle first hand I’m not sure. But more people do seem to be booking a holiday house experience from abroad. I myself have two bookings from Australia and the UK for the Christmas period and have had inquiries from the US.
Is this a general trend through out New Zealand and do we need to change our accommodation offer to cater for these people more effectively? I have a website that promotes my holiday accommodation but it is certainly not designed around a global offer.
This does not appear to be a new topic, as it was covered in 2007 under the title “Holiday Homes gain Market Significance” see the link for details. http://www.scoop.co.nz/stories/BU0706/S00176.htm
Are any other Bach holiday providers experiencing an up turn in this international cliental?
Is this a general trend through out New Zealand and do we need to change our accommodation offer to cater for these people more effectively? I have a website that promotes my holiday accommodation but it is certainly not designed around a global offer.
This does not appear to be a new topic, as it was covered in 2007 under the title “Holiday Homes gain Market Significance” see the link for details. http://www.scoop.co.nz/stories/BU0706/S00176.htm
Are any other Bach holiday providers experiencing an up turn in this international cliental?
Wednesday, 7 November 2007
Port-a-Bach the French Connection
French couture or a washed up six metre shipping container, you decide.
But clearly this Bach innovation by French/Kiwi designers William Giesen and Cecile Bonnifait is something worth checking out, especially if you’re on a budget. At $80,000 NZD for a self contained dwelling, that’s $2222.00 a square metre. While it may lack some rustic appeal and could become a sauna if not ventilated during the height of summer, you have to give full marks to these guys for thinking outside the box on this one, no pun intended.
See the full article at http://www.stuff.co.nz/4261603a13.html , happy reading.
But clearly this Bach innovation by French/Kiwi designers William Giesen and Cecile Bonnifait is something worth checking out, especially if you’re on a budget. At $80,000 NZD for a self contained dwelling, that’s $2222.00 a square metre. While it may lack some rustic appeal and could become a sauna if not ventilated during the height of summer, you have to give full marks to these guys for thinking outside the box on this one, no pun intended.
See the full article at http://www.stuff.co.nz/4261603a13.html , happy reading.
Tuesday, 6 November 2007
Tempting hearts, not brains
How many of you have been on holiday and while enjoying a relaxed stroll have past the real-estate agents and can't stop yourself from checking out the prices on your new Bach. Or at least your potential Bach if you could stump up the $500,000 plus for the tin shed with a view. Has the price of Baches gone crazy or do they truly reflect the value we place on having our own slice of heaven?
In The Press on the 22nd of October there is a great article called “Baches tempt heart, not brain” its worth the read and raises some good questions about whether the Bach is really all its cracked up to be, at least from a financial point of view anyway.
James
In The Press on the 22nd of October there is a great article called “Baches tempt heart, not brain” its worth the read and raises some good questions about whether the Bach is really all its cracked up to be, at least from a financial point of view anyway.
James
Its that time of year again - Bach time
So as we swing into November it’s a mad rush to secure that Bach before someone else gets that sea view you’ve been dreaming about through the winter. If you’re smart you may have even booked early and can relax in anticipation of your beach holiday to come.
So what’s the big deal about the Bach holiday anyway, and why are we so tied up with the idea of spending our precious holiday time at the Bach?
Some people would say that as a Kiwi it’s our God given right to have a Bach and most of us can remember spending at least some time in the sun as a young kid. Perhaps sleeping in a tent or on the floor when all the beds were already taken by the adults.
The Bach seems to encompass all that is good about New Zealand, lots of space and fantastic views with the possibility of fresh fish and lots of sun. For those of us who live in flash houses it is an opportunity to get back to basics with out the distractions of technology save the BBQ and the boat. Somehow even the basics of a Bach seem to be luxury when you are looking out over the view and relaxing with a beer in your hand.
In this Blog I hope to gather peoples opinions of the Bach and discuss the virtues of what makes a great Bach. I hope that you will join in and throw your two cents in.
Regards
James
So what’s the big deal about the Bach holiday anyway, and why are we so tied up with the idea of spending our precious holiday time at the Bach?
Some people would say that as a Kiwi it’s our God given right to have a Bach and most of us can remember spending at least some time in the sun as a young kid. Perhaps sleeping in a tent or on the floor when all the beds were already taken by the adults.
The Bach seems to encompass all that is good about New Zealand, lots of space and fantastic views with the possibility of fresh fish and lots of sun. For those of us who live in flash houses it is an opportunity to get back to basics with out the distractions of technology save the BBQ and the boat. Somehow even the basics of a Bach seem to be luxury when you are looking out over the view and relaxing with a beer in your hand.
In this Blog I hope to gather peoples opinions of the Bach and discuss the virtues of what makes a great Bach. I hope that you will join in and throw your two cents in.
Regards
James
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