Property

Investors return to Auckland CBD

The proportion of investors planning to buy apartments in Auckland’s CBD is slowly increasing, according to Crockers research.

Thursday, September 27th 2012

Respondents to its latest survey have signalled the Auckland CBD and its surrounds are the areas most likely to experience growth in prices in the short term.

Of the respondents to the survey, 38% said Auckland central was the area to watch for growth, followed by 30% who thought the city’s North Shore would be the growth area.

Auckland landlords continue to get a rent premium for their properties compared to other parts of New Zealand.

The average rent for a two-bedroom property in the city is now $383 per week, 19 per cent more than similar properties elsewhere in the country. For three-bedroomed homes the average rises to $498, a 38% premium on the rest of the country.

Obtaining finance a strictly Auckland issue

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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