Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


The Auckland suburbs where growth continues to soar

While some pundits have labelled the Auckland housing market as ‘cooling’, property data analysts, CoreLogic have revealed there is still significant opportunity for growth – you just need to know where to buy.

Examining growth of each Auckland suburb from November 2007 (the pre-GFC peak), their data shows quite significant variance, suburb to suburb.

Over the last decade, all suburbs in the Auckland top 50 have increased over 100%, markedly higher than the national average of 67%.

Perhaps more relevant to today’s prospective buyers, CoreLogic also looked at growth from November 2016 to today. This paints quite a different picture than the 10-year analysis.

Topping both the Auckland and New Zealand wide rankings for property growth is the East Auckland seaside suburb, Wai O Taiki Bay which has seen an increase of over 150% since 2007.

This is followed by the surrounding suburbs of Glen Innes and Point England, with a percentage change of 134% and 132% respectively.

Even with the market slowing down since the soaring heights of 2016, these top performers continue to see significant growth with Wai O Taiki bay experiencing 12% growth since this period.

Marcel Van Drongelen, marketing manager at of the Wai O Taiki waterside development believes the key to the suburbs consistent growth has been a combination of liveability and access to the CBD.

“Kiwi’s tend to be lifestylers, placing a lot of value on an area’s outlook and access to nature”.

“Wai O Taiki’s continued appeal is its proximity to beaches, park and nature reserves coupled with easy access to the city’s CBD”.

This has been made apparent by the popularity of the new development at Wai O Taiki, with Van Drongelen reporting only five properties remaining out of over 80 new homes.

For those looking to buy in to the Auckland property market, there are some take-aways from Wai O Taiki’s consistent growth. That is, if a suburb offers a high quality of life where the natural environment is easily accessible, coupled with quality housing stock, it will remain resilient to the ebbs and flows of the market.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>


Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>


NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>


Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>


Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>


FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>