Commentary

The coastal lifestyle, convenient to both Hastings and Napier is what attracts residents to Haumoana. Haumoana is now almost exclusively occupied by permanent residents as opposed to holiday accommodation.

Haumoana residential property values have shown a high degree of stability in recent years. Values did fall following the property boom, but the reduction was not to dramatic, and have since recovered most lost ground.

Property values in Haumoana vary significantly due to the wide range of quality from modest cottages to substantial homes, as well as locational value differences due to position and views. Add to this the low volume of sales in Haumoana, and that results in a somewhat larger than normal variations in the median sale price (as shown on the graphs).

For like for like accommodation, values in Haumoana are typically about $50,000 below values in neighbouring Te Awanga.

The Haumoana property market behaves differently to most localities in Hawke’s Bay. Lifestyle is key and the market is often less materialistic. There is an artistic flair with appreciation for an imperfect quaint cottage. Our registered valuers recognise that, we understand that the influences in the Haumoana property market are different to most other areas in Hawke’s Bay.