Propertyscouts Invercargill

NZ Housing Market Strong With New Regions Leading The Way - 20th Jan 2016

Housing Market Strong with Southland Prices up 13.9%

As expected the change in laws for Auckland Investing has certainly helped drive activity throughout NZ.  Investors will always be investing, the thing that changes is where they are buying investments.

As shown in today's article on the Stuff Website, growth has been pushed out to other Regions and Southland received a mention with 13.9% price increase.

"But further south, the housing market was chugging along nicely.

Central Otago Lakes had the highest annual increase in the country, with prices up 20.4 per cent, while Southland's prices rose 13.9 per cent and Otago's rose 11.7 per cent."

Sales in all three regions were strong, particularly with first-time buyers in Otago, and a shortage of listings in Central Otago. Most of the sales growth in Central Otago was coming from other parts of the region not Queenstown, Milne added."

Being involved with helping investors find properties we certainly have seen first hand the increase in out of town interest in purchasing in Southland, and why not?

We have houses priced at well below the country average, with high rental demand and good returns.  It really is no wonder investors are doing their sums and looking favourably on the Region.

We also have a proactive Major who is working hard on growing the region, with emphasis being put on growing our student population with free fees for students studying at SIT.  This is only strengthening our already strong rental demand

Click here to read the full Stuff's article 

« Back to News
site powered by - Turboweb :: Simple Web Manager