Central Auckland
It goes without saying that Auckland is expanding rapidly. Statistics NZ released population forecasts for the years 2018 through 2048 in April. They indicated that Auckland is on course to reach 2 million people in just a dozen years, while emphasising that the numbers are only estimations. To prepare for future expansion, the city is making investments in things like light rail and road networks.
Housing is undoubtedly one of the primary issues Auckland needs to address. In the supercity of New Zealand, where there is already a severe scarcity, the demand for new construction is at an all-time high. Some of the most important regions in need of more high-quality, reasonably priced homes include the central suburbs Grey Lynn, Kingsland, and Mount Eden.
Auckland’s North Shore
If Auckland’s bustling centre doesn’t appeal to you, consider the city’s north and northwest. The North Shore is one of New Zealand’s top regions for real estate development because so many areas there are in high demand.
For instance, Albany, a rapidly expanding suburb, is located 15 kilometres to the northwest. Albany is being transformed by Auckland City Council into one of the important neighbourhoods outside of the CBD. A campus of Massey University, one of New Zealand’s largest retail malls and several other outstanding companies are located here. Other popular neighbourhoods on the city’s north side include Northcote and Takapuna, which could interest real estate investors.
Onehunga
On the other hand, you can choose to search south of the city of Auckland. The council has chosen to make Onehunga, which is eight kilometres south of the city, one of Auckland’s primary growth regions. Since then, this rapidly expanding suburb has seen significant infrastructural and transportation route construction.
Simplicity and NZ Living revealed last month that they would invest $100 million in 159 brand-new built-to-rent residences in Onehunga and Point England. In the future, they intend to increase these figures. Many real estate developers are likely to be interested in expanding the number of upscale, yet reasonably priced residences in this neighbourhood.
