Macraes Flat · Waitaki District
Last sold Mar 1999
St Patrick’s Catholic Church (Former), in the gold-rich Macraes Flat settlement on the barren inland hills of North Otago, was opened in 1883 and stands as a testament to the hardworking perseverance of settler Catholics.
Read the entry on the Heritage List →Photo: S Gallagher, 2024, © Heritage New Zealand Pouhere Taonga
Gross rental yield is a year’s rent as a share of what the property is worth: $450 × 52 weeks = $23,400, against the council valuation of $350,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.
| Evidence | Points to | Counted |
|---|---|---|
| From its value what rentals in the area typically yield | $450 | 100% |
We read this property as a house with 3 bedrooms. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.
These are computer-generated guides only, not a rental appraisal.
Sign in to rate this property, keep private notes on it and record what you think it is worth. Only you see them.
Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.
CCB · special
KookminThe lowest rather than the highest is $68 less a fortnight — about $1,757 over the 1 year.
China Construction Bank4.49%s$654/fn
ICBC4.65%s$666/fn
Bank of China4.68%s$668/fn
AIA New Zealand4.99%$693/fn
ANZ Bank New Zealand4.99%s$693/fn
ASB Bank4.99%$693/fn
Bank of Baroda4.99%$693/fn
Police Credit Union4.99%$693/fn
Unity Credit Union4.99%s$693/fn
Kiwibank5.15%s$705/fn
Bank of New Zealand5.19%$708/fn
SBS Bank5.19%s$708/fn
The Co-operative Bank5.19%s$708/fn
TSB Bank5.19%s$708/fn
Westpac New Zealand5.19%s$708/fn
First Credit Union5.29%s$716/fnKookmin Bank Auckland Branch5.35%$721/fnPrincipal and interest at the lowest advertised card rate, held for the whole loan — no New Zealand rate is. A guide, not a lending offer or financial advice. How much could you borrow? · Mortgage calculator
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate 5.03% is today’s 1-year average | ||
| Rent a week our estimate $450 | ||
| Property manager | ||
| Rent, 52 weeks | $23,400 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Net income before interest | $19,260 | |
| Interest $245,000 at 5.03%, interest only | −$12,324 | |
| Cash flow before tax | +$6,937 | |
The rent covers the interest at rates up to 7.86%. That is 6.6% a year on a $105k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.
Owners and the parties to each instrument are not published on this page. Order the record of title to see them.
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We hold no building consents for this property yet. The council may hold records we have not seen.
If it is yours, claiming it puts the council record, the title and what it costs you to hold in one place — and lets you put your lending, insurance and power out to people who compete for them.
We check your name against the registered owner on the title before a claim is accepted. Nothing on this page changes for anyone else, and no provider is contacted until you ask.
What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.
We do not hold flood maps for Waitaki District yet.
Councils keep registers of land used for activities on the Hazardous Activities and Industries List (HAIL) — service stations, timber treatment, orchards, landfills. A listing records how land was used, not that it is contaminated: most sites have never been tested.
Otago Regional Council will say more about a listed site on request; quote its HAIL number.
Ask Otago Regional CouncilSee whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
Counts describe the records we hold for this territorial authority, not a market forecast. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.
A single search across NZ property records finds other titles in your name and in companies you are a director of. Most owners find at least one they had forgotten was held somewhere else.