Kiwi dream closer with beach bargains

Beach-lovers can bag a bach bargain in Whangamata as "price reduced" is written in red across more than half of the listings in the real estate office's window.

First National agent Julian West says the reality is some baches were now on sale for a lot less than the sellers originally had hoped to get in today's tough market, and in some cases they had been slashed by around $100,000. In one case the price had been cut by a quarter of a million from the original asking price.

Whangamata is not alone. On Trade Me, bach prices in Northland are down 15 per cent on last year, with smaller drops in Nelson, Tasman and the Waikato, says spokeswoman Stephanie Welsh.

West said some Whangamata baches had been for sale for more than a year and sellers were keen to get offers and negotiate.

To read the full NZ Herald article click here

Posted: 6 Sep 2009

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