Nick Goodall

In itself, it's quite representative of those smaller beachside towns as the rest of Northland.

So I think there's a lot of relevance for much of the Northland area.

So talk to me about the market there as well.

What does make it tick?

You sort of talked a little bit about this before, but what's been happening through that spring and early weeks of summer months?

You mentioned being close to Auckland.

Is it mostly just the Aucklanders coming up and buying a batch up there?

Or are there more full-timers that are actually based in Mangowhai all year round these days?

How's it playing out there?

Yeah, I think as confidence improves into next year, I expect that, you know, we'll start to see those people buying a second house or,

Starts to see the investors coming out again, too, and MangaFile will no doubt be on people's list as well.

Just before we do get to you, Dan, I promise we're going to come to Tauranga shortly.

Both Stuart and Mark, you both mentioned sort of that overseas market.

We did see the Active Investor Plus change to the visa this week, I think it was, or last week.

So have you seen an impact of that with conversations or talked to real estate agents who are now really excited about that?

Mark first, maybe, and then I'll just get Stuart's thoughts, too.

in terms of foreign buyers who are now keen to come and buy above that $5 million mark?

Yeah, fair enough.

I think, yeah, but that elite market certainly is available in Queenstown, Stuart.

I mean, I think that when we did the math to see how many properties are actually worth more than 5 mil, it's sort of 7,000 or 8,000 across the country.