Hot spot hit list
Infrastructure and social amenities are the keys to picking Auckland’s next round of ‘up and coming’ suburbs, according to the latest research from Bayleys.
Train stations, bus stations, retail amenities and hospitality hubs have become the key societal factors behind choosing where to live. The research data indicates these have replaced the previous primary property growth fundamental of simply being the ‘next affordable suburb’ in Auckland’s concentric geographic ring – with the centre point being Queen Street in the heart of the city.
Headlining the agency’s picks for 2016’s ‘up and coming’ suburbs across metropolitan Auckland are New Lynn, Hobsonville, central Onehunga, and central Birkenhead.
Bayleys Research manager Ian Little said the agency’s ‘hot spot’ selections were made on forecast capital growth opportunities over the medium to long term, and not rental yield returns which were driven by a different set of financial dynamics.
Mr Little said that picking Auckland’s ‘up and coming’ suburbs was however becoming an increasingly difficult challenge.
“There are very few, if any, ‘bargain’ suburbs left in greater Auckland. Everything has moved considerably up the price-ladder over the past two-and-a-half years. The challenge now is to identify which suburbs will outperform the market in the medium to long term.
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