IT’S OFFICIAL: THE PROPERTY MARKET in New Zealand holiday hot spots is booming.
A desire for a better lifestyle, low interest rates, and the Auckland ‘halo’ effect mean buyers are flocking to the beach areas of the Bay of Islands, Coromandel, and Bay of Plenty and areas such as Raglan in the Waikato.
Canny investors are buying up in these areas, such as the Coromandel, and succesfully leveraging their properties via online holiday home booking sites, while other investors are enjoying good returns in towns such as Kerikeri where demand is very high.
Further south, in the Tasman area, investor interest is on the up across the region, yet the jury is out on whether real money can be made in the smaller beach settlements of this region.
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