Why The Focus on Auckland’s Property Market?

aucklandAuckland is New Zealand’s economic power house and while it’s not the capital city is it our largest city and the one on most people’s lips when they think of our country.

Auckland’s economy is buoyant, and it’s growing much faster than our other cities attracting the lion’s share of investment both private and public.  Far more commercial and private dwelling consents are granted in Auckland and eighty percent of all immigrants that arrive in NZ, stay in Auckland instead of moving to other parts of the country.

With a third of New Zealand’s population now residing in the Auckland region, the property market is the focal point for media who report on it almost weekly.  Auckland now has 59 suburbs with the average property value $1 million or more. By contrast Wellington has just four and Christchurch has 2 suburbs in the million dollar club. Check out this interactive map of Auckland’s million dollar suburbs.

The demand for rental accommodation in Auckland is very high due to the high migration, a lack of supply and home affordability.  While there is now extensive residential property development underway in Auckland, it’s mostly happening in the outer suburbs and further away from where most people work.  Getting around Auckland particularly at peak hours is big challenge so properties for purchase or rent nearer the CBD are most sought after.

For more information on how to invest in property in Auckland see PropertyTutors or download these eBooks:

Profitable Property Deals Revealed – 2015 Edition

Profitable Property Deals Revealed

Lessons Learned by the Property Masters

29 Know How Property Investing Tips

This entry was posted in Property Investment Auckland and tagged , , , by PropertyTutors. Bookmark the permalink.

About PropertyTutors

“PropertyTutors Limited believes the information in this publication is correct, and it has reasonable grounds for any opinion or recommendation found within this publication on the date of this publication. However, no liability is accepted for any loss or damage incurred by any person as a result of any error in any information, opinion or recommendation in this publication. Nothing in this publication is, or should be taken as, an offer, invitation or recommendation to buy, sell or retain any investment in or make any deposit with any person. The information contained in this publication is general in nature. It may not be relevant to individual circumstances. Before making any investment, insurance or other financial decisions, you should consult a professional financial adviser. This publication is for the use of persons in New Zealand only. Copyright in this publication is owned by PropertyTutors Limited. You must not reproduce or distribute content from this publication or any part of it without prior permission.”