NZ Property Investor

SEA, SAND AND SALES

Auckland’s North Shore has a reputation as a cruisy place, with its pōhutukawa beaches and sparkling seas. It’s been an area with big houses and bigger backyards, with elite seaside suburbs such as Takapuna housing some of the country’s rich and famous.

Along with the rest of Auckland, North Shore has experienced phenomenal growth over the past few years. In the past 12 months, many North Shore suburbs have increased in value by upwards of 15%. Much of this growth has been driven by investors and developers looking to cash in on the demand for property in Auckland by utilising Unitary Plan changes that allow for intensification. Where one house on a 1,000m section used to be the norm, the plan changes now offer investors the chance to develop five or more smaller homes in its place.

You’re reading a preview, subscribe to read more.

More from NZ Property Investor

NZ Property Investor2 min readFinance & Money Management
Rise In Mortgage Arrears
This is up 16 per cent year-on-year and hit 1.47 per cent last month alone – the highest level before Covid, when mortgage arrears were at 1.49 per cent in March 2020. While mortgage arrears are rising, they are still at historically low levels. And
NZ Property Investor3 min read
Watershed Moment
Diana Levinzon has been an investor for less than a year, but she's already completed six flips and is working on her seventh. And her motivation for investing in property is simple – creating wealth for her family. “Both my husband and I work full t
NZ Property Investor7 min read
A Great Ad For Property Investing
Ryan Spearman has come a long way since 2004 when he was sitting in a real estate agent's office signing a sale and purchase agreement without even knowing the price of the Avondale house he was buying. “I just followed what he said I should write do

Related Books & Audiobooks