10 future boom towns
Monday 7 August 2017
Keen to identify hotspot areas to invest in? In this month’s NZ Property Investor magazine we reveal areas with future growth potential – due to planned infrastructure projects.
Is there a perfect recipe for successful property investment? You could debate the details, but nobody would argue about the most important ingredient: time.
Time can erase mistakes, transform your cashflow and lower your loans. It can also turn a cheap house into a valuable piece of real estate – especially if you choose a high-growth area.
Experienced investors often use infrastructure and development spending as a way to identify the places most likely to grow over the next 10 to 20 years.
Infrastructure has a cause and effect relationship with a growing area, because it’s both fuelled by an expanding population and simultaneously encourages it to keep growing.
Harcourts CEO Chris Kennedy said that infrastructure creates a population bubble.
“It creates employment and it creates the magical dollar to evolve a community quickly. The generation and regeneration of that dollar create growth and confidence.
“I would invest in areas that were investing heavily in infrastructure and growth: what I would call population investment.”
But, following Budget 2017, which regions could see the long-term benefits of a cash influx – thanks to infrastructure development?
NZ Property Investor has looked across the country to try to pinpoint areas that deserve to be considered as strong prospects for the next decade in terms of population growth and property demand.
Here’s our list of New Zealand’s top 10 infrastructure hotspot areas:
3. Hamilton, Peacockes
5. Cromwell, Wanaka, Arrowtown
6. Christchurch CBD
7. Palmerston North
9. Tourist towns: Ohakune, Oamaru, Timaru, Tekapo
10. Kaikoura, Nelson
To read more about these infrastructure hotspots click here to get the digital issue of NZ Property Investor magazine.
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