The Future of Property in Katikati
What's in store for our property market? This question is top of mind for many Kiwis, as New Zealand begins its recovery from COVID-19.
New Zealand's Mural Town, Katikati is just 30 minutes' drive north of Tauranga, and 15 minutes from Waihi Beach.
The town has grown quickly in recent years, as more people look to Katikati as the perfect place to retire or raise a young family. Surrounded by orchards and green farmland on the edge of Tauranga Harbour, the area is known for growing Kiwifruit and Avocado, citrus fruits and many other crops supplying New Zealand and the world.
We spoke to Ross Collins, Owner of Tall Poppy Katikati for his thoughts on how his area is responding to COVID-19, and what will happen next in the local property market.
Challenges and Opportunities
As New Zealand moved through Level 3 and into Level 2, Ross says there has been a substantial increase in enquiries.
We've hearing from first-home buyers looking for property in the mid-$500,000 range, and from people looking to move here from larger cities to semi-retire and looking for homes in the $700,000 range.
While prices are holding, Ross says the challenge for the region is the lower supply of listings coming onto the market.
"This means buyers have limited choice, and don't' want to list until they've found a property they want. While it's part of the normal property cycle, COVID-19 is also impacting the decision-making process."
A Unique Lifestyle Opportunity
Katikati means 'nibble' in Maori, and the avocado capital is home to around 500 orchards, providing work opportunities for people who are looking for a change post-COVID or want to supplement household income.
Ross says there are always jobs available in the horticultural/packhouse industry.
"We have many retirees who work packing fruit for a few months of the year and then spend the rest of their time travelling".
With our borders closed, and fewer overseas workers available, Katikati offers an excellent opportunity for people who are looking to live and work here and make the most of our fantastic region, as our retirees do.
"We really do offer it all – a great lifestyle, in a warm and relaxed town. We're close to beautiful beaches, boat ramps and fishing, the Kaimai's offering an abundance of great walks and we have around a dozen golf courses within an hours' drive. We are only 30 minutes from Tauranga and less than 2 hours from Auckland," says Ross.
If you're looking for a change, in a post-COVID world, why not consider Katikati, Waihi or Waihi Beach? You can contact Ross Collins or give our friendly team a call on 0800 566 600.