Final Omaha creek offered for $ 3.6 million when Auckland patrons cleared the market

A popular beach retreat has property for sale as “unprecedented” demand is causing the housing stock to decline.

Located on Mangatawhari Road in Omaha, a vacation hotspot north of Auckland, the five-bedroom creek is the only property listing in the area as of Wednesday.

Experts say the suburb usually has 70 to 100 entries and they believe the Covid-19 pandemic is causing a lifestyle change.

A popular beach spot still has a stream in the market after unprecedented demand.

Precision Real Estate Limited / Delivered

A popular beach spot still has a stream in the market after unprecedented demand.

279 Mangatawhari Rd, which includes 1,226 square feet of land, is currently the only street available and has been in the market since early December.

The seller is looking for approximately $ 3.6 million for the property, which is a short walk from Omaha Beach.

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There were four real estate listings in Omaha on Monday, but two have now been sold and another is in the final stages of negotiations.

Precise real estate agent Di Balich said low interest rates and the inability to travel overseas led to unprecedented demand.

The property is located on Mangatawhari Road and costs approximately $ 3.6 million.

Precision Real Estate Limited / Delivered

The property is located on Mangatawhari Road and costs approximately $ 3.6 million.

“Covid-19 has really pushed people to reassess their lifestyles, spending time with family and moving away from crowded cities,” she said.

Baileys real estate agent Paul Elsden said the highest number of property listings he saw in Omaha was 105.

“This is our first time here in my 12 years as an Omaha specialist [almost] completely sold out, ”he said.

Experts believe the coronavirus pandemic is affecting lifestyle changes and encouraging people to move away from crowded cities.

Precision Real Estate Limited / Delivered

Experts believe the coronavirus pandemic is affecting lifestyle changes and encouraging people to move away from crowded cities.

Balich said the recent sewage problems in Auckland could also add to the appeal of Omaha.

“With Omaha infrastructure, it seems like the most likely safe, clean beach within an hour’s drive from Auckland,” she said.

“People want to escape the concentration of people and traffic jams and are focusing on Omaha as the ideal vacation spot.”

Dozens of beaches in Auckland have been declared unsafe after heavy rain over the weekend.

A Whangarei creek, which requires a “main job” to update, sold for approximately $ 5.5 million in December.

Speaking of the Covid-19 pandemic, Ray White agent Ross Hawkins said he had seen a surge in interest in lifestyle real estate.

“People are starting to migrate to coastal properties outside the congested cities because of world events,” he said.

“This will not be the last virus to hit the planet, and people are preparing for the future with space and isolation.”

Data from Barfoot & Thompson found the median home price in Auckland was $ 1,092,518 – up 15.1 percent from 2019.

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