In Episode 11, we discuss KPMG's Magnet City report. Written in 2015, the global report introduces the concept of the Magnet City, a city that is expected to attract population growth of a particular type of people – young wealth creators.
Young wealth creators are those who will start businesses and create jobs, which improves the economy of a region.
This is important for property investors because magnet cities will make good property markets – they have growing populations of young people with higher than average incomes.
Read our analysis of the Magnet City Report and its implications for the Christchurch property market.
To find out more about the podcast and property investment in general, check out our Epic Guide to Property Investment in NZ.
The Property Academy Podcast