The City is experiencing significant growth and the building of a new Art centre (“the
Hundertwasser”) will add to the enhancements made in the Town Basin area around the River that runs through town and into the beautiful
harbour. This development is also going to add a significant number of specialist jobs and these will attract new residents to the area.
With numerous spectacular beaches and proximity to the world acclaimed Tutukaka cost, water activities both in the harbour and along the
coast are a popular pastime for locals and a major drawcard for visitors.
Looking at things long term for investors, it’s clear right away that rental and property prices in Whangarei have been rising at a rate
above the national average. There is a strong rental demand for 2-4 bedroom homes and strong competition at rental viewings. Whangarei is
continuing to grow and the amount of accommodation is already under pressure. This will provide support for good rental rates of return and
opportunities to add value to existing properties.