Kawerau median house price climbs 200 per cent in less than a decade
24 Jan, 2021 12:02 AM
7 minutes to read The Bay of Plenty town of Kawerau. Photo / File
Cashed-up buyers from Auckland, Tauranga and Rotorua looking to retire could be fuelling Kawerau s property boom, long-term locals say. Median house prices in the Bay of Plenty town have skyrocketed almost 200 per cent in a decade. In 2011, the town s median house price was $108,000. Now prices have climbed above $300,000.
One real estate agent said one residential home sold for more than $800,000 - the biggest sale he is aware of in the town.
REINZ chief executive Bindi Norwell said Kawerau had seen strong growth in median house prices in the last nine years.
‘Corporate seeing gradual pick-up’ Oriental Hotels Ltd., an associate firm of The Indian Hotels Company, is witnessing a growth in demand in leisure and a gradual increase in corporate business segments, according to a top company executive. Announcing standalone financial results for the quarter ended December 31, it said net loss stood at ₹7.63 crore as against a net profit of ₹4.65 crore seen a year earlier.
Revenue dipped to ₹43.53 crore from ₹85.09 crore. “All our hotels resumed operations in a staggered manner after the lockdown was eased. We are witnessing a growth in demand especially in the leisure segment and a gradual pick up of corporate business,” company MD Pramod Ranjan said.
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It s an unbelievable privilege to play professional sport, but there are ups and downs
Brendan Macken has retired at the age of 29 after a career with Leinster, Wasps, and London Irish. By Murray Kinsella Sunday 24 Jan 2021, 8:00 AM Jan 24th 2021, 8:00 AM 32,886 Views 5 Comments
Macken playing for Wasps against his native Leinster in 2016.
Macken playing for Wasps against his native Leinster in 2016.
IN THE END, Brendan Macken feels lucky he spent the last year of his rugby career injured. The slow conclusion allowed the 29-year-old to ready himself for the next chapter and he’s thankful he avoided the sudden ending others are confronted with.