Tikipunga popularity shows in values
Retailers in Tikipunga aren't surprised their suburb is the fastest growing area in the latest Oneroof Property Report figures. The median value of properties in Tikipunga, Whanga¯ rei's largest residential suburb, grew 4.2 per cent in the second quarter of this year.
The growth reflects the suburb's popularity with buyers and the range of stock on offer.
Ann Stuart, a hairdresser at Shelley's Freestyle Hair Design in Tikipunga, has had a few new customers lately which she said was good for local businesses. "Much of the population growth has to do with the Totara Grove development which has also
pushed up traffic volumes. It will change the demographics of this place."
Stuart said Aucklanders moving north and retirees choosing to build in Tikipunga were also pushing house prices up. New people moving to Tikipunga and frequenting local businesses were more noticeable in the past 12 months, she said.
The next highest performing residential areas in Northland were Dargaville, up 3.6 per cent, Onerahi, up 3.1 per cent, and Whangarei Heads, up 3 per cent.
Most towns in Northland enjoyed a lift in values, two areas experiencing dips over the three months to June 30 were Kaikohe (-2.3 per cent) and Kaitaia (-1.2 per cent). With renewed economic focus and new infrastructure projects planned, it is likely growth will remain steady.
Mangawhai Heads remains the most expensive suburb, with a median value of $852,200 at the end of July.
Tikipunga hairdresser Ann Stuart has seen new clients thanks to growth in the area.