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INVESTOR ROOM / Investing in New Zealand - Why Auckland
Why invest in Auckland:
· Early in the growth cycle
· New Zealand’s largest and fastest growing city
· Ranked as one of the world’s ten most desirable cities in which to live
· The international air transport hub for New Zealand
· The financial centre and commercial hub of New Zealand
How Does Auckland Compare To Its Nearby Australian Neighbours:
Sydney:
4.2 million people – 1.4% increase per annum.
1,000 – 1,050 people per week
Melbourne:
3.5 million people – 1.2% increase per annum
750 – 800 people per week
Auckland:
1.3 million people – 3.1% increase per annum
750 – 800 people per week
The large increase in population within a confined geographic area means the Auckland City Council is dedicated to significantly increasing the density of housing, particularly close to the CBD.
Capital Growth:
Auckland residential property has experienced sustained long term capital growth of 10% per annum for the last 25 years. (Source: Quotable Value New Zealand )
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