PHOTO: ABIGAIL DOUGHERTY/STUFF Bad news for the regions: Auckland may still be where the biggest capital gains are
OPINION: If you were smart enough (or lucky enough) to buy a house in Auckland in 1999, you would have made $610,000 over the next 20 years.
If you had bought just an hour north, in Northland, you would have made only $325,000.
The region (and city) you choose to invest in can drastically impact your future returns.
That’s why, once you decide to invest in NZ’s property market, your next step is to question which region you should park your money in.
To answer this question, we’ve created the NPR (Nicol Property Report) Regional Rich List.
his metric combines four economic indicators to give a single number so you can see which region comes out on top.
This number signifies which region may generate the highest returns over the next 20 years. (Scores out of a possible 100).
In order:
#1 – Auckland 74.17/100
#2 – Canterbury 64.17/100
#3 – (equal) Wellington 60.83/100; Waikato 60.83/100
#5 Otago 60/100
#6 Taranaki 59.17/100
#7 Bay of Plenty 58.33/100
#8 Nelson Tasman 55.83/100
#9 Gisborne 50/100
#10 Southland 48.33/100
#11 Marlborough 46.67/100
#12 (equal) Northland 45.83/100; Hawke’s Bay 45.83/100
#14 West Coast 40/100
#15 Manawatu-Whanganui 35.83/100
The order of the NPR Regional Rich List indicates the likelihood that a region will achieve in capital growth over and above the other areas.
READ MORE VIA STUFF