Property hotspots

New Zealand residential property prices hit an all-time high in January, but if you're looking to buy investment property, that may not be good news.

Wednesday, February 23rd 2005, 4:08AM

by The Landlord

So, are the golden suburbs of Remuera in Auckland and Fendalton in Christchurch still the best places to buy? Or will you make more hard cold cash in Otara or Avonhead? After all, the socio-economic position of a suburb doesn't determine where it comes in the capital growth stakes. Some of the fastest growth in the country over the past 12 months has been seen in Auckland's Pt Chevalier, and it's certainly not well up the pecking order of places to live.

Property investment firm the Hybrid Group does quarterly hotspot forecasts for its clients that look forward at potential capital growth, not at what's happened in the past. For the year to June 2005, the company predicts the hotspots in the three main centres to be:

Auckland: Mt Roskill coastal, Otara, Massey

Wellington: Elsdon, Central Hospital (Lower Hutt), Newlands

Christchurch: New Brighton, Papanui, Linwood

Read More - Opens in a new window

« Property investors refocus on cash flow

Free Investment Property Showcase Events: Auckland, Wellington and Christchurch »

Special Offers

Property hotspots

New Zealand residential property prices hit an all-time high in January, but if you're looking to buy investment property, that may not be good news.

Wednesday, February 23rd 2005, 4:08AM

Commenting is closed

www.GoodReturns.co.nz