Increased migration and strong economic growth will see price rises in the Key Growth areas in 2014
Migration is increasing and with the growing primary sector led by dairy combined with the Christchurch rebuild and major roading and infrastructural works things are looking very positive for the economy.
Watch Christchurch and Auckland to once again have strong price rises in Key Growth areas in 2014. It really comes down to the fundamentals of investment.
Invest in areas with strong population growth and a shortage of development to keep up with this increasing population.
Invest where there is a strong rental market with good yields. ( We have seen 40% rent rises in some of our target suburbs in the last year! ). It all adds up to now being a good time to invest in these areas.
The reserve bank has predicted that the migration factor alone. ( There were about 3000 more migrants than immigrants in 2013 ) could possibly drive the market 7% upwards this year.
New-Builds are now very much on the map for investors wanting strong capital growth. Prices on these in the key growth areas will highly likely rise during the year. As usual, in this part of the property cycle, those who pick up properties early and secure the prime positions in developments will get the best gains. The key to success with this is of course knowing what developments, types of properties and areas are going to have the greatest growth. With years of success behind us, we have chosen a select group of areas and developments that are the focus for us and our investors in 2014. Get in touch with us to find out more for exclusive investment opportunities.
Also, if you are wanting more detailed information on buying Off-Plan have a read of my new e-book. “The Expert Guide to Buying Off-Plan”. Simply email me and I will send you a free copy.
Wishing you a prosperous 2014!
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