30 | REGIONAL DEVELOPMENT Property Brokers Waipukurau T T Richard Loader Rental property crisis in ‘paradise’ Life’s a beach: The Property Brokers Waipukurau team The Central Hawke’s Bay is absolute paradise, says Matt Oliver, Residential/ Lifestyle Sales Consultant for Property Brokers Waipukurau. Matt has been selling property throughout the region under the Property Brokers’ brand for the last eight years. He knows the region well, and he is passionate about it. “You have everything you need on your doorstep. You have the Ruahine Ranges, the Tukituki River, the most beautiful beaches, walks, cycleways, great schools and friendly people. It is country living lifestyle at its very best.” Property Brokers Waipukurau experience in the region stems back to the late ‘80s. Since being branded Property Brokers in 1998 the region’s growth and correspondingly the Agency have gone from strength to strength. “In the early days there were only three real estate companies operating in the region, and now there are eleven, with Property Brokers Waipukurau the major player in all three sectors, averaging 70% - 75% market share,” T T to page 32 "I'm Lauren, your local Loan Market advisor. Let's chat!" Lauren Tennent 027 677 9771 lauren.tennent@loanmarket.co.nz www.swvaluers.nz Mel Wilson mel@swvaluers.nz M: 027432 2425 W: 06 858 5346 says Matt. The Waipukurau branch team operates from the Coast, through to the Ruahine Ranges, as far north as Pukehou, down to south of Takapau, with specialist sales consultants in residential, rural and lifestyle real estate. With a background in both residential and lifestyle, Matt crosses both sectors, providing a valuable service to home owners wanting to step up into lifestyle, and those deciding to move back into town. “Another strength to our bow is that we have two fulltime property managers, who manage a large rental property portfolio for our clients, which include professional investors as well as mum and dad investors. “We manage the property entirely from locating tenants and tenanting the property, providing quarterly property inspections, arranging repairs and maintenance, undertaking rent reviews and ensuring the rent is paid on time. That can also lead to good sales when investors want to cash up. “Like the rest of the country, there’s a huge shortage of rental property in Central Hawke’s Bay. It’s at crisis point in our region, and we’re being approached by people looking for a property to rent all the time.” Matt says that while markets go up and down, residential property sales continue to be the branch’s bread and butter. “Rural sales have been very good over the last couple of years, largely because of forestry. That has gone a bit quiet in recent times, and the impact of the Cyclone, along with the reduced price of meat on the world market, has had a bearing on rural sales. Residential and lifestyle are still ticking along nicely. We had a slow January, February, March, but April started to warm up and has continued to move. But we’re by no means doing the numbers and volume and having the enquiries we did twelve to eighteen months ago, because of interest rates, the cost of living and it’s election year. Depending on the election result, we’re expecting the property market to increase in the New Year, with investors returning to the market. The average house price is currently sitting at $536,000 and that buys a good solid first home. Currently the first home buyer market is pretty strong and that is down to “Like the rest of the country, there’s a huge shortage of rental property in Central Hawke’s Bay. It’s at crisis point in our region, and we’re being approached by people looking for a property to rent all the time.” Matt Oliver
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