The burgeoning wine industry in New Zealand attracts a lot of interest, with many people acquiring property either for serious production purposes or a combination of production and lifestyle.
Why go to auction? As one Hawke’s Bay vendor recently discovered, going to auction was exactly what was required to get the result they were looking for, and quickly.
While the virtual world can never replicate the in-person experience, at a time when social distancing is the new normal, auctions have proven to be an effective method of selling everything from hand sanitiser to homes.
Rural Women New Zealand national president Fiona Gower was once asked why rural women were doing so well in leadership roles. Her response, their ability to multi-task. Often living in isolated locations, rural women have always had to be resourceful. "We're not just tea and scones", says Fiona.
Pictured: Suzanne Cottle, Lifestyle and Rural Specialist
Harcourts Rural and Lifestyle Specialist, Suzanne Cottle, knows firsthand what it feels like to be a rural woman and have your abilities underestimated. The impetus for her to learn about rural real estate came over 20 years ago when Suzanne and her husband tried to sell their farm.
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.