FEATURE GROWTH AREAS
House prices peaked in January 2022 at a national average of $1.063 million, according to QV, and then began to fall. They plateaued in the middle of 2023 at around the $890,000 mark, a drop of about 17 per cent. Now, a gradual recovery is underway, but recovery rarely happens evenly.
As values start to head back towards their previous peak, certain areas will grow more rapidly than others.
If you're looking to buy in 2024, which areas look likely to experience strong growth over the next few years? Without a crystal ball it's impossible to be certain, but there are some factors that tend to drive an area's popularity and prices. By considering population growth, infrastructure investment and house prices, here are five areas of Aotearoa that are great prospects for investors seeking capital gains over the next few years.
1 AUCKLAND: RODNEY AND PAPAKURA
Auckland often leads the country in house
