NEW PLYMOUTH POSSIBILITIES

With the ocean on its doorstep, and the mighty Mount Taranaki rising majestically in the distance, New Plymouth is a city celebrated for its natural beauty. But despite these attractions, the wider Taranaki region hasn’t had a good year when it comes to house prices. As opposed to the vertiginous growth found in other regions, the region as a whole has seen a drop of 2.5% year-on-year to September 2019, with New Plymouth itself rising by just 0.2% according to REINZ data.

There’s also a storm brewing over changes to short-term accommodation under the city’s wide-reaching Proposed District Plan. Under this plan any property investor who rents their home as short-term holiday accommodation for more than 90 days per year will have to apply for resource consent. This has come about after pressure from moteliers,