Over the past 10 years property prices have risen on average in Auckland by 98%.
Tauranga house prices are up 75%.
By comparison, Hamilton has ‘only’ risen 62%.
Considering Hamilton’s proximity to Auckland, it’s strong population growth and excellent employment prospects, the likelihood of Hamilton’s house prices rising further has to be pretty high.
Another potential bonus to Hamilton and the surrounding towns is the $1 billion regional development fund. The new government wants to spend $1 billion per annum on infrastructure in the regions over the next 10 years. Considering the Waikato’s population growth, some of this money can be expected to be invested in our region.
John Kenel, Assured