The rebuild of Christchurch is well underway and it has created lots of opportunity for property investors and home buyers with Off Plan Investments.
Quotable Value is the NZ site for property statistics and notably it currently has Christchurch leading the way for average annual change (see image).
Matt Power of Propertyexperts.co.nz has always loved Christchurch, so much so, he spends half his time living and working in what is known as ‘the garden city of New Zealand’.
With a bullish property market comes some challenges for First Home Buyers, not helped by the recent RBNZ LVR lending restrictions, though Matt says he has the property finance experts that just love a challenge and the opportunities are out there for First Home Buyers and Property Investors alike. So if you are interested in a property right now please contact us.
Historically on average NZ property is said to double in value every 7 to 10 years, though this is not true in all areas around the country. Some regions will be slower while other regions will be faster.
Right now in some key areas, property will grow at even faster rates than the expected 7 – 10 years.
Check out how the values of Christchurch Property compare with our national average.
With a steady rise over the last few months the average value of a Christchurch property is now almost right on the national average.
The average property value in New Zealand is $460,067 and that is pulled up a lot by the booming Auckland region property sector.
Are you interested in building off plan, financing, or investment? Contact Matt Power email@example.com