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House prices surge in towns near the seaside - The National

Google NZ House Prices - Sun, 24/05/2015 - 23:38

The National

House prices surge in towns near the seaside
The National
SEVERAL Scottish seaside towns have seen house prices more than double over the past decade, research from the Bank of Scotland has found. Towns in the North East of Scotland have seen the biggest increases since 2005, with the average house price ...

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Do better on milk price info, Fonterra told

Stuff Business - Sun, 24/05/2015 - 23:28
Fonterra is being called on to publicly report milk price guidance monthly throughout the season and to sharpen its communication performance as the dairy industry holds its breath for the new season's opening forecast this week.
Categories: Economic News

Seaside towns see house prices soar - Glasgow South and Eastwood Extra

Google NZ House Prices - Sun, 24/05/2015 - 23:21

Seaside towns see house prices soar
Glasgow South and Eastwood Extra
The study also uncovered something of an east-west divide in house prices in seaside towns, with nine of the 10 most expensive to be found on the eastern coastline. St Andrews is Scotland's most expensive seaside town, with an average house price of ...

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House prices rise in Scottish coastal towns - BBC News

Google NZ House Prices - Sun, 24/05/2015 - 23:19

BBC News

House prices rise in Scottish coastal towns
BBC News
House prices in three Scottish seaside towns have doubled in 10 years, according to the Bank of Scotland. The bank's researchers found that a number of coastal towns had seen "substantial" increases since 2005. Of 59 coastal towns surveyed, 15 recorded ...

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Investors mull SCF legal action

NZ Herald - Sun, 24/05/2015 - 23:10
Out-of-pocket South Canterbury Finance investors will meet today in Auckland to join others rallying behind a probe looking into possible legal action which has already raised more than $100,000 to support it.The meeting will be...
Categories: Economic News

The fallout from financial crises

BBC Economics - Sun, 24/05/2015 - 23:08
The impact of economic crises on everyday lives
Categories: Economic News

Bute has Britain's cheapest coastal homes - Scotsman

Google NZ House Prices - Sun, 24/05/2015 - 23:06

Scotsman

Bute has Britain's cheapest coastal homes
Scotsman
The average cost of a house on the idyllic island off the coast of Argyll is £73,539, compared with £672,874 in the most expensive seaside town of Salcombe, Devon, according to the survey of house prices in 196 locations across the country carried out by ...

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Christchurch directors of Apple Fields fined for not filing accounts for three years

Stuff Business - Sun, 24/05/2015 - 23:06
Christchurch directors Justin Prain and Mark Schroeder have been fined $30,000 each for breaching the Financial Reporting Act three years in a row.
Categories: Economic News

Methven profits soar on Chinese production

NZ Herald - Sun, 24/05/2015 - 23:05
Methven, the NZX-listed tap and shower manufacturer and exporter, lifted annual profit 21 percent, in line with guidance, after the acquisition of a Chinese manufacturing plant widened margins. Profit rose to $5.69 million in the...
Categories: Economic News

VIDEO: Is Modi still India's cup of tea?

BBC Economics - Sun, 24/05/2015 - 23:04
BBC News visited some tea stalls around Mumbai and asked ordinary Indians to rate Narendra Modi's first year in office.
Categories: Economic News

VIDEO: Indian economy: Is it improving?

BBC Economics - Sun, 24/05/2015 - 23:03
The BBC's Sanjoy Majumder examines the economic record of the last year in India.
Categories: Economic News

Brits prepare for holiday season as cheap oil makes travel cheap

Telegraph Business - Sun, 24/05/2015 - 23:01
Lower oil prices and rising earnings have meant that shoppers feel they have more cash left over with which to treat themselves







Categories: Economic News

Christchurch's $53 million bus interchange opens

Stuff Business - Sun, 24/05/2015 - 22:56
University students, school pupils and tradesmen were among the dozens of people catching a bus for the first time at Christchurch's new bus interchange.
Categories: Economic News

YouTube's 1st decade shows sharing free content pays off

NZ Herald - Sun, 24/05/2015 - 22:50
YouTube's legacy extends beyond its pioneering role in the Internet's video revolution. The 10-year-old site provided a stage for exhibitionists, narcissists and activists to broadcast their opinions, show off their talents, expose...
Categories: Economic News

Border tax at odds with Bridges' liberalised travel message

NZ Herald - Sun, 24/05/2015 - 22:45
The announcement of plans to impose an "Anti-Travel Tax" came at an unfortunate time for Transport Minister Simon Bridges.Just as he was packing his bags to head for Leipzig to lead an international forum aimed at making trade and...
Categories: Economic News

Cheap fuel fails to oil wheels of consumer sentiment

NZ Herald - Sun, 24/05/2015 - 22:30
In the US cheap oil hasn't provided the economic stimulus that it was widely expected to.More than six months into the great oil price crash, US growth remains sluggish.GDP growth in the first quarter of this year was almost nonexistent...
Categories: Economic News

What makes Indian farmers kill themselves?

BBC Economics - Sun, 24/05/2015 - 22:21
What makes Indian farmers kill themselves?
Categories: Economic News

George Osborne considering Treasury study into the EU

Telegraph Business - Sun, 24/05/2015 - 21:57
The Chancellor is considering launching an assessment of the impact of reforming the European Union, as well as a possible Brexit







Categories: Economic News

Suburban shops popular at latest commercial property auctions: see the latest sales results from Auckland, Wellington and Palmerston North

Interest.co.nz News - Sun, 24/05/2015 - 21:42
This charcater building occupied by Joe's Garage Cafe in Te Aro, Wellington, sold for $810,000

Retail premises in desirable suburban shopping strips in Auckland continue to attract high prices, with two such properties auctioned by Bayleys in the last week achieving net rental yields that were below 5%.

Listed below are the details of 25 commercial property sales in Auckland, Palmerston North and Wellington that were handled by Bayleys Real Estate and Colliers International.

Prices ranged from $180,000 for two small retail premises in Porirua, to $3.9 million for a retail complex with three tenancies in Titirangi.

See below for the full results of all 25 commercial property sales:

271­-275 Main Street, Palmerston North:
Details: Ground lease on 2204m² corner site sold for $450,000 at a 7.9% yield. Twenty-year lease from December 2014, with five ­yearly rent reviews and perpetual rights of renewal, is producing $35,750 + GST pa. Agents: Mark Sherlock, Bayleys Wellington; Karl Cameron, Bayleys Manawatu.

135-­137 Jackson Street, Petone:
Details: 335m2 two ­level character building with two shops and two flats on 327m2  site Sold for $520,000. Three of four tenancies leased returning $55,224 gross + GST pa. Agents: Paul Cudby, Fraser Press, Bayleys Wellington.

5 Tory Street, Te Aro:
Details: 200m2 character premises off Courtenay Place, with 100% NBS seismic  rating, sold for $810,000 at a 7.4% yield. Occupied by Joe’s Garage Cafe  (pictured above) on recently renewed six­ year lease producing $60,300pa net + GST pa. Agents: Mark Walker, Grant Young, Bayleys Wellington.

5 Serlby Place, Porirua:
Details: Two small retail outlets, one leased and one vacant, totalling 140m2 on 204m2, site sold for $180,000. Agents: Andrew Smith, John Pritchard, Jon Pottinger, Bayleys Wellington.

Bayleys1.JPG     bayleys2.JPG   bayleys3.JPG

Recent commercial property sales by Colliers International:

RETAIL:Land Area: 324.00 m2.    Floor Areas: 263.00 m2 to 264.00 m2. DESCRIPTION:  The property presents as four retail shops returning $65,734.78 net p.a (+ GST + OEPX) on 324m² of mixed use zoned land, with a total lettable area of 263.80m² (more or less). There is an additional $862 inc GST p.a received from signage on the southern side of the building. It is located next to the local Countdown supermarket and has a large scale public car park to the east.

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Categories: Economic News
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