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10 future boom towns

Keen to identify hotspot areas to invest in? In this month’s NZ Property Investor magazine we reveal areas with future growth potential – due to planned infrastructure projects.

Monday, August 7th 2017, 8:00AM

by The Landlord

Whangarei

Is there a perfect recipe for successful property investment? You could debate the details, but nobody would argue about the most important ingredient: time.

Time can erase mistakes, transform your cashflow and lower your loans. It can also turn a cheap house into a valuable piece of real estate – especially if you choose a high-growth area.

Experienced investors often use infrastructure and development spending as a way to identify the places most likely to grow over the next 10 to 20 years.

Infrastructure has a cause and effect relationship with a growing area, because it’s both fuelled by an expanding population and simultaneously encourages it to keep growing.

Harcourts CEO Chris Kennedy said that infrastructure creates a population bubble.

“It creates employment and it creates the magical dollar to evolve a community quickly. The generation and regeneration of that dollar create growth and confidence.

“I would invest in areas that were investing heavily in infrastructure and growth: what I would call population investment.”

But, following Budget 2017, which regions could see the long-term benefits of a cash influx – thanks to infrastructure development?

NZ Property Investor has looked across the country to try to pinpoint areas that deserve to be considered as strong prospects for the next decade in terms of population growth and property demand.

Here’s our list of New Zealand’s top 10 infrastructure hotspot areas:

1. Whangarei
2. Hobsonville/Whenuapai
3. Hamilton, Peacockes
4. Papamoa
5. Cromwell, Wanaka, Arrowtown
6. Christchurch CBD
7. Palmerston North
8. Carterton
9. Tourist towns: Ohakune, Oamaru, Timaru, Tekapo
10. Kaikoura, Nelson

To read more about these infrastructure hotspots 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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Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.69 2.79
ANZ 4.44 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.15 3.29 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 3.85 3.95 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 ▼2.45 2.65 2.79
Kainga Ora 4.43 2.93 3.07 3.24
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
SBS Bank 4.54 3.05 3.19 3.25
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.55 2.69 2.75
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 2.79
The Co-operative Bank - Standard 4.40 3.05 3.19 3.29
TSB Bank 5.34 3.29 3.45 3.59
TSB Special 4.54 2.49 2.65 2.79
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.15 3.29 3.39
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.69 2.79
Median 4.55 3.00 3.13 3.02

Last updated: 21 September 2020 10:48am

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