Those famous words, THAT famous TV programme. Yes, despite what many real estate agents will tell you, location really does matter for both home owners and property investors.
But this is a positive thing when you’re looking at investing in property in the Tauranga Region. With so many fantastic suburbs and a great lifestyle for everyone that lives here, investors are spoiled for choice. Here are just a few of the suburbs in Tauranga that are hot right now:
Papamoa is the largest suburb in the city of Tauranga and growing every day. With close access to a stunning 16km long white sandy beach you have surfing, fishing, swimming and every other beach activity right on your doorstep. Besides beaches, this suburb has a real sense of community thanks to great markets, lovely schools and many community-run events for families. There are new schools here, College and Primary, with more proposed given the rate of growth in this area. Nearby shopping precincts include Fashion Island and Bayfair shopping mall.
Investors have the choice of buying do-ups in some of the older streets, a new home in one of the newer subdivision developments, or investing in a house and land package.
We would recommend this area as a great place to invest, it is particularly suited to those landlords looking at families as tenants. You will see a strong return on both rental return and capital investment in this area.
Bethlehem is a more established area with mature gardens, a great shopping area close by, supermarket, cafes and restaurants, and it is an easy drive to the centre of Tauranga. Bethlehem also has great schools, including a high school and 2 primary schools.
This area would suit investors who want to buy an existing home in an established area, it attracts both families and older persons thanks to its safe and relaxed lifestyle.
One of the newest developments in the Tauranga area, The Lakes is only a short drive from Tauranga CBD and is selling very quickly. One of the biggest draw cards for this area is the lifestyle it offers families. There are acres of parks, reserves, lakes, children’s playgrounds, cycle tracks, walkways and running trails.
The Lakes also has easy access to the new express way which gives you access to anywhere in the district, and there are no traffic hold ups!
There is much going on in this development, including a new commercial area, shops and a medical centre. The concept supports the live-work-play mantra and they have done an excellent job with planning out the subdivisions.
There are schools nearby, and with the current growth in this area I am sure more will be built.
This area is suited to investors looking for a house and land package, family rental investment, and long term capital gains.
If you have any queries about property investment in these suburbs or other areas in Tauranga then give Chris Jenkins a call. Chris can offer property investment advice and owns Connect Realty property management services. Contact Chris today