Property Investment in Auckland – Why Now is a Great Time to Buy

Property Investment in Auckland – Why Now is a Great Time to Buy

If you’ve been thinking about investing in property, Auckland is a great place to start. The city has a lot to offer investors, from a booming economy to a housing market that’s ripe for investment. In this blog post, we’ll run through some of the reasons why now is a great time to buy property in Auckland. Keep reading to find out more!

Auckland’s Growing Population
One of the main reasons why now is a great time to invest in Auckland property is the city’s growing population. In the last five years alone, Auckland’s population has grown by over 5 percent. This trend is only set to continue, with predictions that the city’s population will reach 2 million by 2030. A large and growing population with limited available land means there will be more people looking for places to live, which in turn will drive up demand (and prices) for properties in Auckland. 

A Booming Economy
Another reason why investing in Auckland property is a smart move is because of the city’s booming economy. In recent years, Auckland has become something of a powerhouse in New Zealand’s economy, accounting for around 37 percent of the country’s GDP. This economic growth is creating more jobs and attracting more people to live and work in the city, further increasing demand for Auckland property. 

A More Affordable Housing Market
In spite of its growing population and strong economy, Auckland is currently experiencing a small housing market dip which is tipped by experts to come back in 2023. Compared to other major cities like Sydney and London, properties in Auckland are relatively affordable, and make no mistake - prices will go that way. 

If you can beg, borrow or scrape together the money for an investment property we are currently seeing brilliant properties that rent well at prices well below where they typically would be, and will be again in the near future. We can help you figure out your equity position, put you in touch with an apartment specialist mortgage broker and help you find the perfect property for your goal whether that be capital or cash. 

If you’re thinking of getting into the market, don’t delay – start your search today!