Property

Property hotspots

New Zealand residential property prices hit an all-time high in January, but if you're looking to buy investment property, that may not be good news.

Wednesday, February 23rd 2005

So, are the golden suburbs of Remuera in Auckland and Fendalton in Christchurch still the best places to buy? Or will you make more hard cold cash in Otara or Avonhead? After all, the socio-economic position of a suburb doesn't determine where it comes in the capital growth stakes. Some of the fastest growth in the country over the past 12 months has been seen in Auckland's Pt Chevalier, and it's certainly not well up the pecking order of places to live.

Property investment firm the Hybrid Group does quarterly hotspot forecasts for its clients that look forward at potential capital growth, not at what's happened in the past. For the year to June 2005, the company predicts the hotspots in the three main centres to be:

Auckland: Mt Roskill coastal, Otara, Massey

Wellington: Elsdon, Central Hospital (Lower Hutt), Newlands

Christchurch: New Brighton, Papanui, Linwood

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Wednesday, April 17th 2024

Rate cuts needed to lift mood

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Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

SBS FirstHome Combo	6.74
Heartland Bank - Online	6.89
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.55
SBS Bank Special	6.69
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
ASB Bank	6.75
Unity	6.79
Co-operative Bank - Owner Occ	6.79

SBS Bank Special	6.19
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
SBS Bank	6.79

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50