"It's not just about the numbers," he says. "Sure it is a mix of investment and business but the lifestyle is also about passion and family, it's about the aroha as well."
"Having a focused team of experienced, specialist agents helps ensure Bayleys vendors get the service levels and premium prices that they expect and desire."
Promotional campaigns and a database that reaches well beyond Northland enables vendors to gain premium prices.
So much more than just sheep, cattle and room for a pony, the Northland lifestyle is a way and a pace of life. Be it a guest lodge on the coast, a 50-acre rural farm, small viticulture unit or the quintessential 10-acre 'lifestyle' block on the volcanic outskirts of town, Bayleys loves promoting these often sought-after and rewarding properties.
The winter market – a shortage of supply dictates terms
Fewer lifestyle property sales give the impression of a softening market in this sector in Northland. The limited number of sales over the first quarter of 2018 can make the statistics difficult to interpret but, when compared on a year-by-year basis, the growth and elevated prices become more apparent.
Certainly, rural lifestyle properties are in demand, we are experiencing buyer activity out of Auckland, and are conducting several multiple offers in which buyers are having to compete for the right to purchase. It's this competitive friction between buyers that helps our vendors secure a premium price.
Lifestyle blocks currently on the market are being advertised at a time in the property cycle when there is less property being promoted and more buyers. This is the perfect situation for vendors hoping to obtain the best possible price.
As we progress towards spring, we anticipate demand for quality lifestyle properties to remain strong.
