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Top 10 dynamite growth areas

A handful of regional hotspots are shirking the market slowdown currently happening in main centres across the country.

Monday, July 10th 2017, 6:00AM

by The Landlord

In Auckland, Hamilton, Tauranga, Wellington and Dunedin sales volumes have dropped, the average number of days to sell has increased and correspondingly stock volume has increased.

This means buyers have more choice, more time to consider their options and the upward pressure on values isn’t so strong.

However, there are regional exceptions to that trend – and these locations are experiencing their greatest period of value growth far later in the cycle than the main centres.

CoreLogic senior research analyst Nick Goodall says in this property cycle we’ve seen three distinct groups of growth phases across the country.

"The third phase of growth has occurred this year – with many regional areas surrounding the main centres experiencing a secondary 'halo' effect."

However, more specifically it has been those smaller districts with good infrastructure, a growing tourism industry, solid local industry, and access to cities (and job opportunities) that have shone brighter than the rest.

In this month’s issue of NZ Property Investor magazine, we discover New Zealand’s top 10 highest growth areas and investigate their key growth indicators.

We also find out if there is still more growth to come in 2017 - despite the downward pressures of the LVRs, tighter bank lending, rising mortgage rates, the usual winter season lull and increasing uncertainty about policy changes post-election.

Here’s our list of the current top 10 growth regions in New Zealand:

1. Kawerau District
2. Mackenzie District
3. South Waikato District
4. Hauraki District
5. Kaipara District
6. Upper Hutt City
7. Thames-Coromandel District
8. Lower Hutt City
9. Rotorua District
10. Matamata-Piako District

To find out more about these high growth regions, 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.

« Day of reckoning to comeEnabling better growth planning »

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 5.44 - - -
AIA - Go Home Loans 7.99 5.99 5.69 5.69
ANZ 7.89 6.59 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.99 5.69 5.69
ASB Bank 7.89 5.99 5.69 5.69
ASB Better Homes Top Up - - - 1.00
Avanti Finance 8.40 - - -
Basecorp Finance 9.60 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.94 - - -
BNZ - Rapid Repay 7.94 - - -
BNZ - Std 7.94 5.99 5.69 5.69
BNZ - TotalMoney 7.94 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.79 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 7.65 5.99 5.75 5.69
Co-operative Bank - Standard 7.65 6.49 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.40 6.10 -
First Credit Union Standard 8.50 7.00 6.70 -
Heartland Bank - Online 7.49 ▼5.65 ▼5.55 ▼5.55
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.00 6.50 -
ICBC 7.49 5.99 5.65 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.75 6.89 6.59 6.49
Kiwibank - Offset 8.25 - - -
Kiwibank Special 7.75 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 8.44 ▼6.39 ▼6.09 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.99 6.95 6.29 6.29
SBS Bank Special - ▼6.15 5.69 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 5.44 ▼5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.69 6.79 6.49 6.49
TSB Special 7.89 5.99 5.69 5.69
Unity ▼7.64 5.99 5.69 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 8.50 ▼6.19 ▼5.79 -
Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
Westpac Offset 8.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 6.29 5.79 5.79
Median 7.99 6.17 5.79 5.69

Last updated: 30 October 2024 9:36am

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