Property

Top 30 suburbs under $300k

Keen on building your portfolio further but put off by sky high prices? Never fear - there are still opportunities out there for investors.

Monday, November 07th 2016

Two Rotorua suburbs are in the top five

Currently, established investors with a substantial portfolio are looking to pounce on good deals in a flattening market.

At the same time, newer investors may find themselves targeting the sub-$300,000 bracket in order to jump-start or grow their portfolio.

So where is it best for such investors to look?

In the November issue of NZ Property Investor magazine, our journalist takes a look at affordable hotspots that have had exceptional growth in the past year and discovers future growth potential.

Our data, provided by Corelogic, shows the top 30 suburbs (or towns) under $300,000 and exposes affordable hotspots that have experienced the greatest growth over the past year.

The top 30 under $300,000 have been weeded out by using the median value of all properties in each suburb and town with at least 500 residential properties, to filter the suburbs of interest.

Our journalist has then been ranked them according to their annual growth to make up the list.

But buyer beware – read our commentary on these places to gauge the benefits and risks of each spot as well as the potential for further growth.

The top five suburbs are:

1. Kawerau (Kawerau District)
2. Huntly (Waikato District)
3. Edgecumbe (Whakatane District)
4. Western Heights (Rotorua District)
5. Mangakakahi (Rotorua District)

To find out what all the top 30 suburbs are and to read more about them as investment prospects, click here to get the digital issue of NZ Property Investor magazine.

Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.

Comments

No comments yet

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
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 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
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

More Stories

Support for regulation

Monday, March 18th 2024

Support for regulation

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

A better investment market

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.

[OPINION] Recessionary times

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.

Interest rate expectations: It’s not over yet

Thursday, March 07th 2024

Interest rate expectations: It’s not over yet

Most Kiwis think interest rate increases have peaked.