Christchurch is a fantastic city for property investment. In December 2018 alone, the median price jumped by $10,000, at a time when several other major cities are seeing falling or stagnating markets.
Apart from the obvious (like steady capital gains), there are countless other reasons why Garden City property is a great place to put your money.
Christchurch is a revitalised city
Post-earthquake Christchurch has completely transformed. The city centre is a master-planned marvel, with new cafes, bars and shops popping up every month.
The best part? The transformation is only just beginning, with countless new developments and community projects in the pipeline. As the city improves, it will attract more residents and bolster its already strong property market and economy.
Christchurch is enjoying an influx of employment
Christchurch is home to dozens of large businesses, providing an abundance of high quality corporate employment.
Over the year to June 2018, the number of businesses here also increased by 2 per cent, while the number of workers in the city centre jumped by 8 per cent.
Unlike many other smaller cities in New Zealand, Christchurch also has a stable and diverse economy with strong manufacturing, retail, agriculture, technology and tourism industries. This means the future of the city is rosy, and that whatever you do, Christchurch is a great place to be.
Christchurch’s city centre boasts rare opportunities
In most major NZ cities, a high quality, brand new apartment or townhouse in a premium location will cost you $500,000 to $2,000,000—or more.
In Christchurch, you can buy one for as low as $400,000. That’s because the earthquake cleared large sections of land in the city’s centre, which has allowed developers to build brand new apartments, townhouses and detached houses near everything that makes this city great. From an investment standpoint, the opportunity to own an affordable new home in a premium location is great because they’re:
- Easier to tenant.
- Fetch higher rent, and therefore achieve a higher yield.
- More likely to increase in value.
Additionally, new properties near the city tend to perform well on Airbnb – a smart alternative option for property investors, which often shows considerably higher returns than traditional strategies. With tourism in Christchurch growing, the demand for Airbnbs will only increase.
Christchurch is a beautiful place to live
Christchurch is the gateway to New Zealand’s scenic South Island and it’s surrounded by awesome natural landscapes.
As New Zealand’s second largest city, it’s also a great place to work and play, offering the opportunity and fun of Auckland without the endless traffic and crazy house prices.
From employment opportunities to increased quality of life, Christchurch is a place where people want to be. As the city continues to grow and develop, that will only become more true.
For investors, this is a unique opportunity to back one of New Zealand’s most promising regions from a new beginning. To hear more about property investment opportunities in Christchurch, get in touch with the team at Williams Corporation today.
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