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New Hot spot to buy in Auckland this 2013
Could anyone please advise which is the top 3 New growth areas in Auckland this year to invest in and why do you think so. What is the likely percentage of growth
I don't think anyone could know such a thing, helena. They would be merely opinions, worth not the energy needed to press the keys.
1. Glenfield - b/c I own there and would like it to grow
2. Warkworth - b/c housing in Auckland isn't getting cheaper and the Govt is not about to release new land or do anything in the short term to alleviate the perceived shortage or cost issues for 1st timers - therefore buyers will look further afield, and who doesn't like Warkworth!? Even the name has a gentle, foreign sound to it.
3. Takapuna - b/c even though it's at the top end, it's still underpriced compared to the equivalent burb in, say, Sydney.
Thanks. Well noted Liberal Left. Do you mean to say that nothing like the likes of Albany coming up in and around Auckland in the new future?
I agree on Takapuna. Been trying to buy there for years, but it is always too expensive for the return. However capital growth has been fantastic and there's a real chance for it to take off even further. the shops and beachside area deserves a massive makeover and Few proposals have already been submitted.
Must be a rhetorical question.
who doesn't like Warkworth!?
Takapuna yes - if you have deep pockets. Bob Jones has been buying there, you have the new fancy places - Department Store - and the development with Mexico and that large pub - The Commons? very nice.
It's a shame you still cant see the water from any restaurant or pub apart from the Taka beach cafe as far as I'm aware.
Lol, I thought that too!
Originally Posted by SwissKiwi
Aleena, this is like asking which shares are going to go up this year.
No one knows, simple at that I'm afraid.
My picks are Hobsonville & West Harbour. The new schools at Hobsonville Point, and the amendment of Hobsonville Primaries school zone, I think will push values up a little. Likewise if you are reasonably close (but not too close!) to the new Westgate shopping development.
I bought a 3 bedroom IP in the cheaper end of West Harbour about 8 months ago. The prices in that part of town are still affordable for first home buyers, and it is close to both the North Shore & Waitakere and motorways without the 'West Auckland' stigma.
Public transport is average, but the ferry is good, if expensive, and I'm *hoping* that the council will build a busway - if its possible akin to that on the Northern motorway along the Northwestern.
The only man who could accurately predict that went crazy.
Originally Posted by helena
When you think about it, why would anyone let the secret out?
Dave36 everyone has different view point and I would like to take into consideration all point before I make a decision, so I thought Id ask anyway to get the buzz.
I quite like Hobonville and West harbour.Will look it up. Thanks Ilusiv. Were you able to get below gv/ cash flow out there.
Bob Kane ...you're right ...I wonder who was that who went crazy...is he still around ..he must be a genius.
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