Bolthole for Bargain Hunters

Kauri Cliffs Lodge in the Bay of Islands is home to billionaire American hedge fund manager, Julian Robertson, the founder of Tiger Asset Management. But according to investment strategist Tim Staermose, “you don’t need to be a billionaire to buy a beautiful hideaway in New Zealand.” “Up the road a little way is a 27ha property with a modern 4 bedroom / 2 bathroom home advertised at $795,000. In the little township of Whangaroa Harbour, I saw at least half a dozen places for sale – all with stunning ocean views. The market is soft, and it seemed that with a bit of patience, and some hardball negotiating skills, one could pick up a real bargain.”