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The Coromandel in the Grip of a Very Strong Sellers' Market

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The Coromandel in the Grip of a Very Strong Sellers' Market Issue 957 - 6 July 2021 Phone (07) 866 2090 Circulation 8,200 The Coromandel in the grip of a very strong sellers’ market By Stephan Bosman Whitianga as seen from the Taputapuatea Stream (Mother Brown’s Creek). The average sale price of residential real estate in town during May this year was $899,024. In terms of average asking price, the Coromandel was last month the second most expensive residential property market in New Zealand. Data released last week by property website, price was $875,197, a year-on-year increase weeks at the end of last month. That is a long an increase of 91 percent on the month before. realestate.co.nz, for the month of June, of 20.2 percent. way away from the realestate.co.nz 14-year Sales varied between $460,000 for a 700m² indicates that the Coromandel is no longer A lack of stock is playing a significant Long-term Average of 115 weeks. section and $1,717,000 for a six-bedroom the third most expensive residential property part in the performance of the Coromandel The Quotable Value (QV) House Price Index home. The average sale price was $899,024, market in New Zealand in terms of asking residential real estate market. At the end of for May this year recorded that the average 38 percent above the average Thames- price. Instead of trailing behind Auckland last month, there were only 163 properties for New Zealand house price was $931,928, Coromandel District Council rating value for and the Central Otago/Lakes region, a 15.6 sale on the Peninsula. This was a record 59.4 higher than the realestate.co.nz average all the properties in town. It took an average percent increase compared to June last year percent lower that the number of properties for asking price for June, and representing a year- of only 27 days for listed properties to sell. (for an average asking price of $1, 023,208) sale a year earlier and the biggest percentage on-year increase of 23.7 percent. According to realestate.co.nz, a discrepancy and a Central Otago/Lakes decrease of 12.3 drop in New Zealand. On the Coromandel, the average house between the Inventory of Listings and the percent (for an average asking price of Across New Zealand, there were 13,861 price was $1,077,224 in May, above - Long-term Average, where the Inventory $999,354) have seen the Peninsula claiming properties for sale, a 33.3 percent drop but not far off - the average asking price for of Listings is a shorter time period than second spot behind Auckland where the compared to June 2020. June and representing an annual increase of the Long-term Average, is an indication of average asking price was $1,162,264. The time it would take to for all the stock 28.3 percent. a sellers’ market. If that is indeed the case, Only Auckland and the Coromandel on the Coromandel to be sold without any Closer to home, the Ray White Real the Coromandel is most certainly, and exceeded an average asking price of new listings being added, commonly referred Estate sales data for May this year indicates probably more than ever, in the grip of a very $1 million. Nationally, the average asking to as the “Inventory of Listings”, sat at eight that 21 properties were sold in Whitianga, strong sellers’ market. Retirement after going from office junior to council chief executive at the ripe old age of 25 By Tony Stickley Allan Tiplady - recognised as one of the different departments during that time. foremost local government managers in Then came the move to the Salvation Army, the country - is retiring from his role as followed by seven years in the UK working Thames-Coromandel District Council Area as area manager for Wokingham, managing a Manager North. wide portfolio of different services. Allan, 68, has the rare distinction of Allan was then employed in a similar role having been the youngest ever council chief at TCDC before being elevated to his current executive in New Zealand at Alexandra position. “I really enjoyed the work,” he said. Borough Council when appointed to the post “It is a really fulfilling role because you are at the age of 25. And at one stage, while at doing things that provide facilities and services North Shore City Council, he was on a career that have a direct benefit to people’s lives.” trajectory that would have taken him to the Most satisfying for Allan were the top post at the Auckland Supercity, but opted completion of a number of improvements instead to take up a position with Tauranga in the area, including the Whitianga town City Council. “I have no regrets, we went to centre upgrade (having done the same thing Tauranga for family and lifestyle reasons,” in Tauranga and Birkenhead), refurbishing said Allan, who retires officially from TCDC Coromandel Town’s main street, the walkway on Friday this week (9 July). along Buffalo Beach, new parking areas Allan’s working life of more than 50 in Hahei and Hot Water Beach to relieve years has been almost exclusively in local tourist congestion, upgrading of a number government, both in New Zealand and the of boat ramps, (including at Whitianga and UK, apart from a four-year stint as business Whangapoua), upgrading the Coromandel manager for the Salvation Army in Tauranga ferry terminal at Hannaford’s Wharf and from 2002. Now he and Jenny, his very TCDC’s Area Manager North, Allan Tiplady, is retiring this week after a career building close working relationships with of more than 50 years in local government supportive wife of 45 years, are retiring different communities. to Omokoroa near Tauranga to be close to council at the grand old age of 25,” Allan said. and save people from being washed away,” “I think the people are very pleased with children and grandchildren after six happy “It had some national publicity after being Allan said. what we have done,” Allan said. “What is most years in Whitianga. published in a local government magazine as As a rising star, Allan’s abilities were soon enjoyable for us is when something is finished, Born in the little South Island town of the youngest person ever appointed to a town recognised and the following year he was seeing people using it and enjoying it.” Nightcaps, Allan attended Timaru Boys clerk role in New Zealand.” head-hunted to become chief executive of After 50 years, Allan said he would miss High School and in 1971 went directly from A series of different posts followed. Birkenhead City Council, where he stayed the work, but would probably continue to school to work as office junior at Timaru Allan went back to Timaru City Council as for two years. Under the local government do something in local government even in City Council, where he progressed up the deputy chief executive in 1985 and then reorganisation of 1989, Birkenhead got retirement. “I do enjoy working with the ranks. In 1977, he took up a position of acting chief executive. In that role he was swallowed up into North Shore City where community, elected members and the staff, deputy town clerk at Alexandra Borough also the regional civil defence controller and Allan became group manager community and working as part of a whole team and having Council, being made town clerk two years his organisational abilities were called on in services. He stayed in that role for a “grand total good, trusting relationships with both members later - effectively the chief executive - at 25. August 1986 when there was similar flooding of six weeks” before taking up a similar post at and staff,” he said. “It is a really important “That was one of my claims to fame, going to the recent civil defence emergency in Tauranga City Council where he remained for part of the job. I will miss that sort of from office junior to chief executive of a Canterbury. “We had to do lots of evacuations 13 years, having been group manager of three collegial stuff.” What’s happening in the night sky? Night sky information provided and sponsored by Week of Wednesday, 7 July to Wednesday, 14 July - Mercury is now starting to appear lower each morning in the NE as it moves towards the Sun, while Jupiter and Saturn do the reverse and make a lovely sight in the late evening sky as they climb higher each night. Mars is still visible, but is now about as far away and dim as it gets. New Moon is on 10 July, so this is a good week to spot the Pleaides/Matariki star cluster in the pre-dawn sky. The International Space Station (ISS) makes some nice passes this week, but keep in mind that the timings given below may change slightly if it has to move to avoid space junk. Thursday, 8 July - An extremely thin crescent Moon sits just to the left of faint Mercury, low on the horizon at dawn with reddish Aldebaran above. Friday, 9 July - A bright ISS pass starts in the SW at 6:29pm passing high overhead. Astronomy Tours and B&B Saturday, 10 July - A bright ISS pass occurs from 5:42pm in the SW and passes right through the Southern Cross. New Moon tonight, so a nice dark Phone (07) 866 5343 sky for stargazing. Monday, 12 July - A minute crescent Moon sits just below brilliant Venus in the dusk sky with faint but reddish Mars just above Venus.
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