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


Opoly Opens Up Land Banking In The Beautiful Town Of Te Anau From Just $100.

Today, Opoly has launched their fourth property, inviting everyday kiwis to co-purchase a residential section in Te Anau, Southland, with shares starting at $100 each.

By investing a minimum of $100, members of the public will become co-owners of the piece of land. They will have a share relative to their investment and will hope to see capital growth in three year’s time when forecasted suburban growth is achieved.

The concept is called ‘blockified property’ and is the brainchild of Opoly Founder, Felix Watkins.

Opoly’s goal is to open up real estate investing to all kiwis, including lower income groups in New Zealand.

Many groups are becoming more excluded from the property market with each passing day.

The founding premise of Opoly has been turning the traditional monopolistic nature of real estate on its head.

“Regardless of terminology, investing in land, and land banking, is a positive force for those who are underserved in the current climate. We are excited to make property investing accessible and possible for all kiwi’s, regardless of their wealth status”, says Mr Watkins.

The property is located at 2 Tawera Place, Te Anau, Southland

2,500 shares are available at NZ$100 per share - valuing the section at $250,00

“We decided to focus on Te Anau as population density has been increasing, signalling the supply of land being made available, is not keeping up with rising population growth. Unlike many other asset classes, land is tangible, and with this current climate, it is hard to see land going down, as population grows into the future,” explained Watkins.

You can find out more about Opoly and and be notified of future offers by visiting:

© Scoop Media

Business Headlines | Sci-Tech Headlines


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>

BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>

Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>

Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>