If you are considering purchasing an investment property somewhere in New Zealand then you should look no further than the Bay of Plenty. The Bay covers Tauranga, Mount Maunganui, Papamoa and outlying areas. The reasons we think you should seriously consider this area are two-fold:
- There is currently a housing shortage in this area; specifically there is a rental shortage in the whole of the Tauranga area. All properties are being sought after – apartments, houses and units – in all price ranges.
We have many registered tenants interested in renting property in this area, and we get daily enquiries from other great tenants who cannot find a suitable home.
- The Tauranga area is growing exponentially; with new roads, schools and businesses opening to cater for the huge population explosion that has taken place over the last 10 years.
A lot of the housing in Papamoa and Mount Maunganui is also new, well built and low maintenance which interests our out of town clients as a great property management option. And these areas are located close to the beach and other great amenities.
Recently the Bay of Plenty times ran an article about the Bay’s economy. This article stated that the region’s economy is growing faster than that in Auckland and the Waikato. Mark Lister from Craigs Investment Partners was quoted as saying:
“[Tauranga’s] future is bright because of a whole range of reasons. We’ve got the best climate in the country, the best beach, we’ve got the best port … we’re not isolated, we’re close to Auckland and Hamilton and it’s a great place to live.”
We believe the above reasons make the Tauranga area a great place for investment buyers. For prices much cheaper than other similar sized cities you can purchase a low maintenance property with low vacancy periods and great rental return. Combine this with a stunning climate, modern infrastructure, continued growth of this Region and the current shortage of rentals and you have the perfect mix for investment buyers.
If you are interested in more information about the Bay, investment property, and what we can offer landlords with our property management services, then please contact Chris at Connect Realty 0800 333 221. We look forward to hearing from you.