Welcome to Toast of the Coast! With five offices located along the beautiful eastern coast of the North Island, our team are uniquely placed to provide you with relevant sales and rentals insights into the market.
With the 'green shoots' that we are experiencing within the property market, there is definitely an ease for the theory that the speed hump we all hit at the years beginning could be flattening out. Interest rates began to stabilise, and border doors have been flung open.
Investor interest is starting to pop it's head over the parapets too, and the first home buyers are emerging in healthy numbers although obviously their interest is in a certain price range.
It would be unwise to draw major conclusions from comparing one month against another, as these time frames are too small to be representative of real trends. That said, it is clear that Vendors are more cognisant of the new market than six months ago, and most Purchasers realise that we have just experienced a normal adjustment from previously heady and unprecedented times.
Interested to know where your sales or rental market? Feel fr experienced team anytime
Realty Focus Limited Licensed (REAA 2008)
Paramount Realty Ohope Limited Licensed (REAA 2008) East Growth Limited Licensed (REAA 2008)
Median sale prices over the last three months in Mount Maunganui have continued to climb, leaning towards a trend of higher end of property coming to the market
Median sale price differences from the year prior are showing a slight decrease (between 5.8 and 6.5%), speaking to the plateau that the real estate industry as a whole has been experiencing in the last quarter.
The lift in sales volume almost doubled from August (16 sales) to September (31 sales). Sales in Mount Maunganui made up 1.1% of total national sales this September. Whether or not this is showing the market moving in a positive direction, or simply Spring selling season kicking in, we may not know until the October and November statistics come through.
With warmer months ahead, we look forward to tracking how the market behaves in these crucial months in our little beach town, a slice of paradise to many Kiwis
35 Grove Avenue
Mount Maunganui
SOLD! by Rose Tondi
on 14 Sep 2022
above)
63 Ascot Road
Mount Maunganui
SOLD! by John Gardiner
on 21 Sep 2022
pictured left)
Christine (Purchaser) said:
"Aimee made the whole purchasing experience very easy I enjoyed working with Aimee she is a happy smiling easy going person while also being very professional"
Richard (Purchaser) said:
"John did an amazing job in a complex sale and went beyond what most would have done to achieve the outcome."
Neil (Purchaser) said:
"Rose was fantastic. She was always available and great at communication. Really helped get the deal across the finish line."
Steven (Vendor) said:
"
His open, honest, relaxed and continual feedback made it a pleasure to deal with John again "
Miranda (Vendor) said:
"Rose Tondi was amazing to work with. She made the selling process seamless and an enjoyable at the same time. Here attention to detail and responsive replies was much appreciated. I was kept up to date efficiently with the buyers interest and given helpful productive feedback. I never felt pressured or undervalued and could not fault her service in anyway "
The Papamoa market is following the national trend that the usual spring lift is seemingly more subdued
September. Agents are reporting that there are more first home buyers in the market, and open home attendance
significantly increased.
When compared with last year where Papamoa was assisting the Tauranga District in hitting record median sale prices, the rise in prices we have seen previously in this area with many new build homes has not continued in this direction.
Median sale prices nationally in September sat at $811,000 with Papamoa selling consistently in the mid to high $900,000s, it is proving to still be an area positioned close to the high end of the market.
With further growth planned and underway (including the building of the Papamoa East Town Centre), there is no doubt we will see more households moving into this desirable family area.
Peggy
Tyler Sadler
Tyran
24 Sophora Place Papamoa
SOLD! by Quintin Havenga Sold on 31 Aug 2022
(pictured above)
23 Santa Cruz Drive Papamoa
SOLD! by Evan Norris Sold on 12 Aug 2022
pictured left)
Zonta (Vendor) said:
"Andy was extremely thorough, keeping me completely informed every week. During the dual offer process, he was very supportive and at all times extremely professional I have happily recommended his service to others "
Gabrielle (Vendor) said:
"We have bought and sold houses with Ashley Spiller's assistance for 5 years now and highly recommend her. Ashley is professional and friendly, knows her stuff and works super hard. We always felt that she was contactable and she responded to any queries quickly and efficiently. We felt that Ashley was "on our side" and wanted the best outcome for our family. Thanks Ashley for all your help!"
Christopher (Vendor) said:
"Quintin is the best realestate agent by far! Honest, reliable and trustworthy. Selling our first home was quite daunting, but he helps calm the nerves and was very empathetic the whole way through."
Stuart (Purchaser) said:
"Evan was professional, knowledgeable, and courteous all through the process."
Chelsea (Purchaser) said:
"Glen sold us our first home. He was super friendly and professional throughout the entire process. He was transparent from the start and was excellent at keeping us in the loop. We appreciated our gift from Glen and the team when we moved in. Thanks!"
In the last quarter, only a limited number of new investors have entered the rental market. However, there are less investors leaving the rental market, which was a trend that was prevalent in 2021 and early 2022.
Our Property Managers continue to see a considerable number of applicants applying for properties, and nationally 75% of Ray White Property Managers noted that they did not have enough property to satisfy the demand.
The portfolio has seen considerable growth, with many DIY Landlords finding it increasingly more difficult to ensure they are complying with different legislation, including the new privacy laws, that come hand in hand with a rental property.
In the last 30 days, the average rent from our leased properties was $634 per week
The Ray White Mount & Papamoa Sales team winning the Customer Experience Award 2022 at the Ray White Annual Awards at Spark Arena (pictured above)
From left to right: Melissa Burroughs, Mary Dods, Kate Watson, Suzzanne Neves, Brynja Bell, Greg Purcell, Natalie Jenkin, Zac Snelling, Sharyn Golding
Jazz Bell Winning PA of the Year 2022 at the Ray White Annual Awards at Spark Arena (pictured left)
From left to right: Brynja Bell, Jazz Bell
Ali said:
"Brynja has been absolutely fantastic to work with, she sorts out everything. We're so pleased to have transitioned from managing the properties ourselves to handing all on the Brynja. Highly recommended and would definitely advise anyone to choose team BB at Ray White "
Lynda said:
"Exceptional. Kate is amazing we talk, she gets things done. She will also problem solve with me if I'm not sure how to manage a situation"
Claire said:
"Mary is very knowledgeable and understanding of landlords requirements. She is responsive and very experienced and I have great confidence in her."
Louise said:
"Sharyn was relentless in finding someone suitable for my property, she was continually communicating with me on progress, was there to hear my concerns and follow through with everything she said she would do."
Jason said: Suzzanne has been managing my 3 rental properties in Tauranga for the past two years She is excellent with communication and has chosen great tenants. I can be rest assured that my rental properties are in good hands. Thanks Suzzanne
the number of sales slowing rably from mid July to September, surprise that the days on market ping in an upward direction.
ate.co.nz reported 34 new listings katane in the last 30 days, the most sale properties being three and droom houses.
here has been a steady climb in the sale and asking prices for ane in 2021 and the first half of a plateau is evident - where this will depend on many different
nt decline in median price has d out some prior gains in the area, Whakatane a "middle of the road" mance when comparing with other aland town centres.
Bonne
Hawera Street
With Ohope having very few sales over the last three months, the median data cannot accurately reflect any trends.
Surprisingly, and different to other areas around the country, Ohope properties have not moved away from the Auction method of sale, as this is still a popular listing type among the waterfront homes.
As at 13 October 2022, only 18 properties are on the market for sale in Ohope.
As the popular holiday destination comes closer to Summer, it is believed that the number of listings will pick up, as out of town buyers will have the opportunity to experience the kind of life Ohope Beach can offer
Especially when compared to its big brother in Mount Maunganui, where the highest sale price exceeds $5.5M in the last three months, there is real value to be found in the beachfront property here in Ohope.
283 Pohutukawa Avenue Ohope
SOLD! by Sharnika Dowthwaite and Ray Johnson Sold on 19 Sep 2022 $1,035,000 (pictured above)
Rangitukehu Street Ohope
SOLD! by Tony Bonne Sold on 9 Aug 2022 $1,420,000 (pictured left)
Anne Maria (Purchaser) said:
"Rhonda was absolutely fantastic. She was friendly and professional. She kept us informed and honest Such a lovely person and very conscientious"
Jeremy (Vendor) said: We bought with Tony he was wonderful then so we decided to sell with Tony and as ever went above and beyond and so patient with our green behind the ears questions."
Trevor (Vendor) said:
"Sharnika went above and beyond to help us achieve a great result! As we were out of town vendors, Sharnika took it on herself to look after the vacant property, even going as far as maintaining it and cleaning! Nothing was a problem and she was around there at the drop of a hat to do anything that was required, keeping us informed every step of the way! We really can't thank her enough as it really was exceptional service! "
Dalice (Vendor) said:
"Shirley was sent from above. We asked for a ludicrous price and we exceeded it Immensely. And without needing to do the work we thought we would need too. No stress from day dot for my family and I. Forever Grateful Shirley"
Kay (Purchaser) said:
"Dale was fantastic. Professional but friendly, nothing was too much trouble. He went above & beyond answering all my questions & even making sure the house was clean & tidy for me to move into Exceptional service "
Staying true to form, the rental market here along with the rest of the country has come under many changes in legislation including provisions to the Residential Tenancies Act surrounding victims of family violence.
MBIE have also been in full swing to ensure three main views to compliance: Minimum standards, RTA & Healthy Homes, and Unlawful dwellings.
It is no surprises then that our team have signed on 27 new properties to manage these areas of compliance The average weekly rent on new tenancies signed has been $503 per week. Whakatane District has seen a steep incline in the weekly rents this past quarter, with demand outstripping supply. This trend may continue into the summer months, with properties historically resorting to AirBNBs over tenancies in the holiday period
"I was so impressed with Caleb. He was extremely professional and organized to do deal with, but also super approachable, helpful and just an all round good guy! Would seek Caleb out again to help me into a new house, although I love my new house, so I'm staying put Thanks Caleb"
Tania said:
"I was quite pleasantly surprised on how quick and efficient the process was considering the high demand for rental properties in Whakatane. After our first meeting with Property Manager Callum at the property and expressing our interest Callum processed our application in which we are happy to say we were successful. Throughout the whole process Callum's communication and information with us was excellent and I am happy to say so far we have settled in well."
Terry said:
"From the outset, Caleb acted professionally and promptly to my enquiries; liaised seamlessly with the existing tenant, coordinated their departure and the selection of a new tenant for my property all well in advance of the property becoming available. The letting process was explained clearly, with all documentation completed to Caleb's now customary, attention to detail. Many thanks for the great work Caleb!"
Peter said:
"
Callum Razak was a pleasure to deal with, he made the whole process really easy, I would highly recommend Callum and the entire Ray White Property Management Team."
Days on market have shown to be much longer than the national average in Opotiki.
Agents have been changing tact with their marketing, re launching properties for Auction to draw in unconditional interest, where many contracts were attracting "subject to house sale" clauses, extending those days on the market further.
Sections are one of the most popular types of property sale in Opotiki and it's surrounds, according to Realestate co nz
With the Opotiki Harbour Development projecting a richer aquaculture industry, the region as a whole is growing rapidly.
The flow on social benefits of the increased employment will include the population growth and increased home ownership.
James (Vendor) said:
"
I bought the house of Bonny and had a delightful experience nothing is to much trouble she really does go that extra mile That’s why I had no problem asking Bonny to market the house and she did a great job"
Rozi (Purchaser) said:
"Bonny was instrumental in helping us to secure the property. She was always available to help us out, let us into the property and answer our questions. There were a lot of questions She was generous with time and gave us a care package and even bought us a cake when we settled. Bonny is a very warm and genuine person. We totally recommend her as an excellent real estate agent."
Rangi (Vendor) said:
"Larissa communicated with us every step if the way, was relaying feedback to us almost daily. We would highly recommend her!"
Karen (Vendor) said:
"Bonny and Larissa are so down to earth while still maintaining a very professional approach They were determined to sell my property quickly and find another to fit my requirements just as quickly....dual agency giving me a sale and purchase settlement date on the same day same month! How is that for positivity! They made me feel like nothing was impossible! They go the extra mile to make sure you have a stress free journey. Thanks to Bonny and Larissa I will soon be moving into a home that I fell in love with AND had thought was out of my reach! If you are looking to buy or sell your home give Bonny and Larissa a call....you won't regret it!!"
Realty Focus Limited Licensed (REAA 2008)
Ray White Mount Maunganui
260 Maunganui Road, Mount Maunganui, 3116
07 575 2030 rwmtmaunganui.co.nz
Ray White Papamoa
1/9 Domain Road, Papamoa, 3118 (Sales) 13 Domain Road, Papamoa, 3118 (Rentals) 07 542 0501
rwpapamoa co nz
@raywhitemountpapamoa on Facebook and Instagram
Paramount Realty Ohope Limited Licensed (REAA 2008)
Ray White Whakatane
261 The Strand, Whakatane, 3120 07 308 8222
rwwhakatane.co.nz
Ray White Ohope
19 Pohutukawa Avenue, Ohope, 3121 07 312 5005
rwpapamoa.co.nz
@raywhitewhakataneohope on Facebook and Instagram
East Growth Limited Licensed (REAA 2008)
Ray White Opotiki
108C Church Street, Opotiki, 3122 0800 315 555 rwopotiki.co.nz