The Property Academy Podcast The Suburbs with the FASTEST Growing House Prices ⎥ Ep. 1936
Dec 29, 2024
Explore the suburbs in New Zealand with the fastest and slowest growing house prices. Discover the cheapest and most expensive areas, along with surprising contrasts in investor sentiment. Learn about the risks of buying in small towns and how maintenance costs can impact profits. The hosts dive into high and low rental yields, revealing crucial insights for potential investors. Packed with data and examples, this discussion sheds light on where property enthusiasts might want to keep an eye for future investments.
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Extreme Moves At Both Ends
- Some suburbs with the largest price rises were either very cheap small towns or very expensive tourist areas.
- Blaketown rose 16.7% while Queenstown suburbs like Lake Hayes rose ~10% in the year.
Declines Cluster In Major Cities
- Property falls concentrated in parts of Wellington and Auckland and some rural towns.
- Matua (Gore) fell ~10% and Pipitea (Wellington) fell ~9.9% over 12 months.
Hearn Bay Still Tops Price Charts
- Hearn Bay in Auckland remains the most expensive suburb with a median of about $3.36m.
- Its median rose 6.2% in the year, which equates to roughly a $200k increase on that price base.