Property

Property sector still strong in Manawatu

A strong regional economy and a supply of housing still seen as affordable are contributing to a stable real estate sector in Manawatu.

Thursday, July 19th 2007

Broker Phil Christmas of Mortgage Link says the education, distribution and defence sectors in Manawatu are performing strongly and helping to drive population growth.

“They are all significant employers and as properties in this region are relatively affordable, there is still a preference to own a house rather than rent,” Christmas says.

“New housing and house upgrading has been popular in the last year, while property investors have been quieter as rental yields have changed.”

“While property prices may not grow at the same levels as previously, there is nothing to indicate values will ease significantly in this region. Property growth in the Manawatu has been consistent and relatively reliable over the last 30 years.”

Heartland Bank - Online 1.85
HSBC Premier 2.19
HSBC Special 2.25
Kainga Ora - First Home Buyer Special 2.25
ICBC 2.35
SBS Bank Special 2.49
TSB Special 2.55
ANZ Special 2.60
China Construction Bank Special 2.65
The Co-operative Bank - First Home Special 2.65
The Co-operative Bank - Owner Occ 2.85
Heartland Bank - Online 2.35
HSBC Premier 2.45
China Construction Bank Special 2.65
ICBC 2.75
Resimac 2.79
SBS Bank Special 2.89
TSB Special 2.95
Select Home Loans 2.99
Bluestone 2.99
ANZ Special 2.99
Kiwibank Special 3.15
China Construction Bank Special 2.99
HSBC Premier 3.19
Select Home Loans 3.54
Bluestone 3.54
Resimac 3.54
ICBC 3.75
SBS Bank Special 3.79
TSB Special 3.99
BNZ - Classic 3.99
Kiwibank Special 4.19
Kainga Ora 4.22
ANZ Blueprint to Build 1.68
ASB Back My Build 1.79
Heartland Bank - Online 2.25
Resimac 3.39
Bluestone 3.49
Select Home Loans 3.49
ICBC 3.69
Kiwibank Special 3.75
Kiwibank 3.75
Kiwibank - Offset 3.75
The Co-operative Bank - Owner Occ 4.40

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