Interest rates are at an all-time low but access to funding for rural property is becoming more difficult. The Reserve Bank’s proposal to increase capital requirements will reduce the banks’ ability to lend, at least until their reserves are built up, and could increase the cost of capital as the banks move to protect their margins.
Topics: Rural, Rural market, Lifestyle and rural property
Taranaki’s local economy is unique in New Zealand in that it’s fuelled, literally, by oil and gas. Though there are plenty of other industries thriving the region – beef farming for one as well as revived dairy prices, not to mention a healthy demand for lifestyle property from those looking to escape the cities – it is oil and gas that separates the region’s economic profile from the rest of the country.
Succession planning has a vitally important part to play in the long-term future health of any farm. And it's never too early to start. By Kevin Deane, director of Harcourts Kevin Deane Real Estate and rural sales consultant.
Topics: Rural, Lifestyle, New Zealand, Advice, House of Inspiration
There is increasing interest from overseas based investors wishing to purchase land in Northland for the farming of manuka honey.
Topics: Rural, Northern Region, Lifestyle, New Zealand
And it’s a dream that plenty of Kiwis turn into reality. REINZ figures show sales of lifestyle properties around the country for the three months to the end of June 2016 were up 19% on the same period last year.
Topics: Rural, Lifestyle, New Zealand, House of Inspiration