Buying property in Auckland and its surrounds is excellent value today, as well as solid projected medium to long term growth.

The Auckland region is proving to be an increasingly popular investment choice for many International investors.  There are a number of reasons for this, growth is good, rental yields are relatively high, acquisition costs are low, taxes are low, foreign ownership is hassle free and the exchange rate for most foreign investors is particularly favourable.  Compared to other similar developed cities across the world Auckland is offering excellent value and many suggest that in relative terms it is undervalued. 

Add to this its continued high projected population growth and limited supply of land and it is easy to see why many investors are excited about Auckland.  In addition, New Zealand has largely stayed out of world politics (post September 11), this plus its relative isolation is having many see it as a nice place to invest and possibly to live in the future as it is increasingly being seen as a safe haven.

Some interesting statistics:

· New Zealand Resident population as at 1st April 2005 estimated at 4,093,900.  Projected population by 2051 is 5.05 million.

· National population is growing at 1.8%pa

· 60% of growth is the result of net migration.

· Of the total New Zealand population gain two thirds will settle in the Auckland region.

· The North island will be home to 78% of New Zealanders by 2021

· The population of the Greater Auckland region is expected to rise from 1.2 million in 2001 to 2.3 million by 2046.  That’s almost a 100% population increase in just 45 years.

· Auckland now makes up 34% of NZ population by 2050 it will make up 41%

· The occupancy rate per household is dropping, meaning more housing is required even if the population was not growing.

It is clear that New Zealand and in particular Auckland is in for some major population growth.  Add to this its healthy economy, desirable lifestyle, lack of land in the Auckland region and currently low property prices, relative to other major cities in the region such as Sydney and you have a location that should continue to see some excellent capital returns for property investors and set in an environment of relatively low tax and very reasonable rental yields.

In an increasingly fast-paced world, we know that while people want the most professional efficient service, they still prize the fundamentals of honesty and integrity from real estate consultants committed to achieving their clients’ goals. That’s why at Harcourts we combine world-renowned technology, training and systems with a focus on establishing trust and respect with our clients who always remain at the centre of the process. Whether you’re buying or selling residential, commercial, rural, lifestyle, holiday rentals, land, or a new home, at Harcourts we’re proud to say we put the focus on Global. National. Local. and most importantly, You.