Locations > Christchurch
In 2010 & 2011 Christchurch was rocked by a series of earthquakes that resulted in the tragic loss of life and widespread damage. 80% of the buildings in the central city and a large number of homes have had (or will need) to be demolished and rebuilt.
The New Zealand Government and the Christchurch City Council embarked on an ambitious rebuild programme that is still ongoing.
The sudden influx of investment has resulted in a property market where many see uncertainty but we see opportunity. As of late 2016 Christchurch we feel Christchurch may be undervalued compared with other major markets in New Zealand.
|Population||356,700 (2013 Census)|
|Forecast Population||417,800 (2033) and 436,800 (2043), source Stats NZ|
|Tertiary Education||University of Canterbury
Canterbury Tertiary College
New Zealand Tertiary College
|Main Industries||Agriculture, Dairy, Horticulture, Manufacturing; Retail sector, Construction|
|Ports and Rail||Lyttelton Port of Christchurch
|Public Transport||Metro for bus services, International Airport|
Property Market Characteristics
The residential property market in Christchurch has traditionally been stable with a repetitive cycle of price increases followed by price plateaus.
Post-earthquake the reduction in housing meant demand significantly exceeded supply, although there are signs that the market is getting back into balance and we've all heard stories of the sky-high rents during the housing crunch.
Suburb to suburb there are variations in capital gain and yields with negative or positive perceptions taking effect. Perceptions can include safety, schooling, amenities, land damage, roadworks and upcoming development.
Rent increases have not quite kept up with property prices making strong yields harder to come by. The potential is evident for capital gains as a result of continuing demand, and as a result of the extensive development in key areas still to come as part of the rebuild in the commercial and public realm.
Christchurch Current Listings
Articles Featuring Christchurch
Barry and Carolyn worked with us to hunt down a property with quick value-add potential in Christchurch. They bought outside their home town and what's more, were travelling during the due diligence and close period! Read More…
How to Invest in Christchurch
iFindProperty is a licensed real estate agency and we cover all of the Christchurch region. Maxine is an investor herself and the best in the business at helping other buy, or sell, Christchurch investment properties.
Maxine persevered with us investigating many properties in a very challenging market, before completing a successful purchase.
We were very pleased with her determination to find the right deal for us, in particular as we are out of NZ, and need to rely heavily on local knowledge and advice.
iFindProperty runs a full-service property sales operation. Work with an agent who understands property investment and how to market your property to other investors, in a way that doesn't upset your tenants!
Please contact Maxine below or enquire through our website.