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Sunday, 5 February 2012
09 Feb 2010 10:01 a.m.

Low turnovers in Eastern Bay property market

The Eastern Bay property market remains on the decline.

Kawerau and Opotiki have been listed by Quotable Value as two of five districts nationwide which had the smallest turnovers in 2009.

Both areas sit on 3.4% property turnover- almost half the national average of 6. 7%.

The turnover amount is a measure of what proportion of properties are selling over a given time period.

QV statistics also show that Whakatane's house prices are still declining.

Over January, prices dropped 2.8% - the second largest drop on the East Coast region.

Some experts are suggesting it could be six months before the Eastern Bay catches up with other urban centres.

Home - Latest News

03 Feb 2012 8:55 a.m.
The Overseas Investment Office has granted an American company permission to access geothermally active land in the Eastern Bay.
03 Feb 2012 8:53 a.m.
The chief executive of a local iwi believes the Government needs to maintain a Treaty clause, when selling off state assets.
03 Feb 2012 8:49 a.m.
It's taken a long time coming, but vital cables have been installed on the bridge over the Otara River in Opotiki.
03 Feb 2012 8:46 a.m.
Whakatane Police intend to approach the District Council about installing warning signs around Kohi Point.
03 Feb 2012 8:31 a.m.
The focus for salvors on board the Rena wreck, remains the unloading of containers from the bow section.

Go to the news section »

 



 


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