[Moorf]

As I'm trawling the web for a few people I thought I'd post any "interesting" findings in the areas I'm searching - mainly Canterbury!

Here's a little piece of land, in a great wee village just up the road from us - good price too, but it IS a dinky bit of land.. about 50mins/1hr drive to Chch.

http://www.trademe.co.nz/Trade-Me-Property/Residential-Property/Sections-for-sale/auction-93654341.htm?key=278344

[Super_BQ]

I suppose it's still a 'seller's' market in NZ. IMO, I wouldn't pay half the asking price. Even still, rural property is always far more difficult to unload than in urban areas. (location, location, location?)

[eternalkiwi]

As BQ said, Location Location Location is very important, so if the property is well located, it will sell and therefore increase in value.

I know of areas where rural land near cities have increased in value by 250% in the last 3 years, and buyers are still snapping them up ASAP.

[Moorf]

Yep, two of our sections (this whole place is still documented in 3) have gone from $50k each to $120k each since we purchased this place just 18 mths ago.

Darfield, 10km nearer Chch, is being sectioned to death and house prices are still on the rise. A house in the town itself is on the market for $600k, and no-one can quite believe it - it's the talk of the bakery! :laugh