Barrett's Blog

Whangarei Market Trends

Whangarei market stays hot & the case for buying new

If you’re in the market for a property in Whangarei, it’s suffice to say the market is hot right now – with exceptional growth throughout the winter months.

As has been the case for some months now, Auckland’s growth rate is slowing (albeit still increasing at a lower rate).  Some are forecasting its growth could finally peak towards the end of next year.  Of course we can only speculate on this.  What we do know is that the cities experiencing the most notable growth rates are Whangarei, Tauranga, and Hamilton.

Whangarei based Real Estate agent & business owner Barry Joblin, recently published an interesting commentary on his observations and future predictions across these key markets.  As outlined, the Reserve Bank substantially increasing deposit requirements for investors to 40% is possible to have a significant impact on the the markets however some would speculate this will only be short-term.

Barry also outlines a very strong case for considering new builds including lower bank deposit requirements, long-term builders guarantee, and excellent rental returns to name just a few.  The full list is long which you can view here.

We currently have a number of brand new properties in both Totara Parklands & Harbourside Estate.  If you’d like to discuss any of these properties or have any questions whatsoever please contact Renee on 022 658 3252.