"The work/life balance is much better, my son can walk to school, there's plenty to do - and time to do it. From a business point of view people are much friendlier and easier to deal with."
Property investor and former Hastings District Councillor Chase Arquette last week sold a recently-renovated 4 bedroom house on Napier Terrace by tender.
"I wouldn't say we made a huge profit on it," he said.
"It was purchased in the boom of the previous market so we bought it at the highest point," he said. "By the time we did renovations to it this time, I would say we came out about even."
He owns "more than 10" Hawke's Bay properties to fund his upcoming retirement but the Napier property "didn't quite fit" his investment portfolio after renovation.
"There are a lot of different investment vehicles out there, such as shares and interest, and it depends on the person and what they want to get out of the investment.
"It comes down to what they are comfortable with - how much they are prepared to borrow - their ratio of debt to equity on the property."