Median Price Dec 2024: $465,000
Median Price Dec 2023: $445,000
Median Rent Nov 2024: $450 p/w
Median Rent Nov 2023: $420 p/w
Population 2033 (Proj.): 107,100
Population 2023 (Proj.): 103,800
HPI Dec 2024: $465,000
HPI Dec 2014: $183,000
Nestled in the southernmost part of New Zealand's South Island, Southland beckons with its serene landscapes, burgeoning economy, and investment potential. Here's a closer look at why buying property in Southland could be an enticing opportunity:
1. Growing Aquaculture Industry: With extensive coastline and pristine waters, Southland is poised for growth in the aquaculture sector. Salmon farming, shellfish cultivation, and marine tourism present exciting opportunities for property investment along the coast, with potential for waterfront developments and marine-related businesses.
2. Affordable Property Prices: Compared to other regions in New Zealand, Southland offers relatively affordable property prices, making it an attractive option for first-time buyers, investors, and those seeking a change in lifestyle. With a range of housing options available, and relatively low entry costs, buyers can capitalize on the region's potential for capital growth and rental returns, without breaking the bank.
3. Strong Rental Demand: The demand for rental properties in Southland remains robust, driven by a growing population, steady economic growth, and employment opportunities in sectors such as agriculture, tourism, and manufacturing. Investors can benefit from consistent rental income and high occupancy rates in Southland's residential and commercial property markets.
4. Educational and Healthcare Facilities: With quality schools, vocational training institutes, and healthcare facilities, Southland offers essential amenities for families and residents. Investing in residential properties near educational institutions or medical centres caters to local demand and provides stable rental returns.
In summary, Southland offers a unique blend of economic opportunities, affordability, potent rental demand and excellent facilities, making it an attractive destination for property investment. Whether you're drawn to the region's outdoor lifestyle, economic potential, or affordability, purchasing in Southland provides a chance to own a piece of New Zealand's southern charm and unlock the rewards of long-term growth and prosperity.
Data sources: REINZ, Tenancy, Stats NZ