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Property dream not over for woman who wins $500,000 bach 10 May, 2021 12:44 AM 2 minutes to read Grace Glover with her prize and representatives of the campaign. Photo / Supplied Bay of Plenty Times By: Supplied content Tauranga's newest resident has a $500,000 start on the local property ladder thanks to a chance win in one of the country's largest promotions. The Long White Win a Bach campaign from Asahi Beverages is thought to offer the largest single cash prize outside of the New Zealand Lotteries Commission, and provided a contribution of $500,000 towards a holiday home. Research shows h...

Business digest: Shoppers spend $3m in Bay of Plenty during 2020 24 Jan, 2021 07:00 PM 12 minutes to read Bay of Plenty Times Shoppers spent a little more than $3 million in the Bay of Plenty this year, according to the latest Paymark figures. The annual spend was 3.6 per cent more than the $2.9m spent in the region last year. Retailers using the Paymark network know that 2020 was a tough year for many but by December, for a number at least, the year ended on a high note. The June quarter, which included alert level 4 nationwide lockdown, saw payments through Paymark via an ...

Friday, 15 January 2021, 5:39 pm Latest Census data from Stats NZ suggests 10% (191,646) of New Zealand dwellings are unoccupied – a figure which includes bach ownership. The regions around the country with the greatest proportion of unoccupied dwellings are those with large numbers of holiday homes, including Great Barrier Island 51%, Waiheke 36%, Thames-Coromandel 49%, Taupo 32%, Ruapehu 33%, MacKenzie District 42% and Queenstown-Lakes 28%. The Census data shows a decline in the number of unoccupied dwellings in recent years which may suggest supply pressure on the property market is mak...

It could still be possible to make the dream of owning a bach at the beach a reality for less than half a million dollars – you just have to choose your location carefully. Baches have become hot property in New Zealand amid Covid-19’s international travel restrictions, and a generally buoyant property market. However REINZ chief executive Bindi Norwell says, even in today’s market, you should be able to buy a bach near ski fields, on the waterfront or in national park areas, and that it’s “readily attainable for under half a million dollars” in a number of locations.