Regional Review: Auckland Central
With the America’s Cup looming, APEC in 2021, and the City Rail Link bringing more people into the city for work and recreation, property investment in the Auckland CBD is with considering. Comments from the experts:
Andrew Bruce – President of the Auckland Property Investors Assn: “The effect of this (development) is a really bright future for property in the CBD”
Aaron Tunstall – Impression Real Estate GM: “There are a limited number of buyers out there right now, so it’s a good time to go in there and make offers.”
Krister Samuel – Ray White City Apartments salesperson: “Units that were selling for as much as $300,000 last year are selling for $200,000 to $225,000 now.”
This article expands on these comments to give an excellent insight into the Central Auckland property market, including examples of returns.