Northern Advocate
  • Northern Advocate home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Sport
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Sport
  • Property
    • All Property
    • Residential property listings

Locations

  • Far North
  • Kaitaia
  • Kaikohe
  • Bay of Islands
  • Whangārei
  • Kaipara
  • Mangawhai
  • Dargaville

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Kaitaia
  • Whangārei
  • Dargaville

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Northern Advocate

Mangawhai values soar 10pc

By Hannah Norton and Lydia Anderson
Northern Advocate·
13 Jun, 2014 06:00 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

High-end properties drive market in seaside community

It appears issues with rates haven't deterred property buyers in Mangawhai Heads, with values increasing over 10 per cent in the two years to April.

New figures released from state valuer Quotable Value (QV) show Mangawhai Heads property values leading the way in Northland with a 10.5 per cent increase in the two years to April, to an average of $565,400.

Kaikohe and parts of Whangarei also experienced increases, ranging from 0.7 to 6.5 per cent.

Further north, Kaitaia had the biggest decrease of 7.5 per cent, to an average of $157,800.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Ray White Mangawhai business owner Kaye McElwain said while she had noticed a marked increase in the volume of sales in the area, prices had remained "fairly steady" - possibly skewed by the selling of higher-end properties.

Eighteen months ago a high-end property was sold for $2.8 million - the highest sale ever in Mangawhai. The closest prior was $1.675m, she said.

"I would think the volume of sales has gone up [rather than price] - we still have listings available."

From May 2013 to April there were approximately 130 property sales in Mangawhai, with an increase in sales between the $1.5 to $1.75m mark, Ms McElwain said.

Advertisement
Advertise with NZME.

According to the QV figures, Kaikohe had the second highest increase in the two years to April of 6.5 per cent to $135,850, followed by Maunu with an increase of 6.3 per cent to $427,520.

Barfoot and Thompson Whangarei manager Martin Dear said Maunu, Onerahi and Kamo have been the strongest in Whangarei in terms of sales.

"Maunu has gone up a lot, Kamo's had the leading sales and Onerahi's not far behind."

"Whangarei is getting a lot stronger [in general]. We are getting more Aucklanders coming up to look at our listings, who are cashed up.

Discover more

Flash rentals push prices up overall

19 Jun 08:41 PM

"It's not booming, but it's looking a lot more promising. There's a lot more energy around the place," he said.

LJ Hooker Whangarei chief executive Paul Beazley said sales had slowed in the $200k-$300k price bracket. But higher-end properties such as lifestyle blocks were selling around the Whangarei district, which was influencing the average current value.

"They're good buying. You can buy a really nice home on a block of land not far from the central city [for between $450k and $550k]."

Across Northland, values remain well down on the 2007 market peak, the figures show.

Nationally, property values jumped 8.2 per cent over the past 12 months to $471,791, and are up 13.9 per cent on the 2007 market peak.

However, the increase was mainly driven by the over-heated Auckland and Christchurch markets.

Advertisement
Advertise with NZME.

QV national spokeswoman Andrea Rush said values in many of the smaller regions were flat or decreasing.

"Sales volumes around the country are 10 to 15 per cent lower than they were this time last year which could be a normal winter seasonal effect but it could also be a precursor to values dropping."

The Reserve Bank lending restrictions continued to affect many regions, with slower sales in the first home buyer sector of the market, she said.

Meanwhile, the Reserve Bank yesterday raised the official cash rate for a third time, to 3.25 per cent, putting further pressures on mortgage holders.

Save

    Share this article

Latest from Northern Advocate

Northern Advocate

'He is a danger and he will kill': Methed-up boy racer racks up 14 convictions in 4 years

22 Jun 07:00 PM
Northern Advocate

Northland retirement village residents rally for urgent law changes

22 Jun 05:00 PM
Northern Advocate

Ratepayers to cover cost of felling 230 redwoods in Far North

22 Jun 05:00 PM

How a Timaru mum of three budding chefs stretched her grocery shop

sponsored
Advertisement
Advertise with NZME.

Latest from Northern Advocate

'He is a danger and he will kill': Methed-up boy racer racks up 14 convictions in 4 years

'He is a danger and he will kill': Methed-up boy racer racks up 14 convictions in 4 years

22 Jun 07:00 PM

'At what point do we say enough is enough?'

Northland retirement village residents rally for urgent law changes

Northland retirement village residents rally for urgent law changes

22 Jun 05:00 PM
Ratepayers to cover cost of felling 230 redwoods in Far North

Ratepayers to cover cost of felling 230 redwoods in Far North

22 Jun 05:00 PM
Three bidders confirmed for Northland Expressway PPP

Three bidders confirmed for Northland Expressway PPP

21 Jun 05:00 PM
Anzor’s East Tāmaki hub speeds supply
sponsored

Anzor’s East Tāmaki hub speeds supply

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • The Northern Advocate e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Northern Advocate
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The Northern Advocate
  • The New Zealand Herald
  • The Northland Age
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • © Copyright 2025 NZME Publishing Limited
TOP