It’s well known that Cantabrians LOVE Christchurch. And for good reason. It has everything you need in a big city, but still has that small town feeling. There is heaps of industry, a busy port, two universities, great schools (both public and private), and good beaches to the east – yet you are only an hour or so away from the ski fields.
From a property perceptive, growth had been quite stagnant since the devastating quakes in 2011. However, in the last few years and even more so since COVID reached our shores, people are getting drawn back to the Garden City.
And there are a couple of key reasons why Christchurch is having so attractive for investors:
Even though, statistically, Christchurch looks like a sure bet, you still need to be buying well. Our suggestion is to steer clear of studios and 1-bedroom apartments; especially ones that don’t have carparks.
If you are looking to buy closer to town, you’d probably be looking at a centrally located freehold townhouse (no body corp) with 2 – 3 bedrooms and a carpark. If you have a slightly bigger budget, then you could look at standalone freehold properties in one of the master-planned subdivisions in the outskirts of the city. There are some great developments to the south of the city in areas such as Lincoln and Rolleston, as well as to the north of the city in the Waimakariri area.
Check out our Canterbury property listings here.
While property investment may seem simple from the outside, there’s a lot that goes into buying the right property and making sure you can hold it through the fluctuations of a property cycle. In this guide, you’ll find everything that you need to know about what makes property such a powerful investment option, and how to make sure you buy the right investment property to meet your financial goals.
Click here to download the New Zealand Property Investor Handbook by Momentum Realty.