Top 10 hotspots set to boom
There is no exact science to picking future property hotspots, but there are ways and means to help establish areas with good growth potential.
Friday, July 8th 2016, 12:00PM
by The Landlord
In the July issue of NZ Property Investor magazine, our journalist uncovers the 10 spots around New Zealand with the greatest growth potential in 2016.
The top 10 list is made up of a diverse range of suburbs scattered across the width and breadth of the country.
It doesn’t include a single Auckland suburb – which is not surprising, given the average house price in the city is fast approaching $1 million.
However, it does highlight the current strength in regional markets.
Three major trends are now driving regional housing markets.
They are a shortage of listings, more investor activity, and a bumper crop of first home buyers.
These trends are driving demand and pushing up prices.
So, while values have been stagnant in many regional markets since the GFC, this year looks to be a turning point for those markets.
To find out the spots which are starting to accelerate in growth, our journalist compared 12-month growth with three-month growth annualised.
The hottest spots are ranked in order of the greatest difference between the two figures – and then our journalist applied further on-the-ground analysis to the identified suburbs.
The resulting list is NZ Property Investor magazine’s top 10 growth hotspot picks for 2016.
To find out where the top 10 hotspots set to boom are, click here to get the digital issue of NZ Property Investor magazine.
Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.
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