Hotspots: Welcome to the new boom towns
As the cost of housing continues to bite, these are best spots to look.
The top 10 hot spots for future property growth have been revealed — and all the important boxes of transport, infrastructure and amenity have been ticked.
Property experts have named five areas within Auckland and five within a “golden triangle” of the city where they say land is available, the population is growing and transport links are strong.
This month a government report put Auckland’s housing supply problems down to population growth, infrastructure issues and slow land development.
A paper released by Colliers International has named 10 “growth hot spots” that are predicted to be the best areas for new stock.
Intensification with the Auckland Unitary Plan has seen already populated areas such as Mt Eden, Glen Innes and the busy stretch of Dominion Rd make the list.
Pete Evans at Colliers International said that was because of transport and infrastructure improvements and the capacity for multi-level living.
Mt Eden, Evans said, was an area rejuvenated from light industrial into a bustling heritage community.
He pointed to the City Rail Link, under construction, and the addition of two new train stations at Aotea and Karangahape Rd, as well as refurbishment of the existing Mt Eden station.
“That’s predicted to become the second-busiest station in Auckland after Britomart.”
Peter Thompson from Barfoot & Thompson agreed and said prime area for development extended to Whenuapai and Kumeu/Huapai in West Auckland.
Before development started in these areas, though, he said considerable investment in infrastructure was required.
Developers were urged to build close to future train stations — around View Rd, Valley Rd, Balmoral, Mt Roskill, Three Kings and south through Mangere to the airport.
“As Auckland becomes more urban people will want to live where they can walk to the station to get to work and go out without having to use their cars.”
QV Auckland senior consultant James Steele said ease of getting to work and for an evening out was a big drawcard for buyers.
“The growth predictions confirm what we are observing,” Steele said.
“We certainly anticipate continued growth across most of