Manukau features as one of the top 10 suburbs where the property market is predicted to boom
Manukau features as one of the suburbs that are among the 10 New Zealand suburbs and towns that have the most potential for growth in new residential dwellings, according to research from Colliers International.
Pete Evans, Colliers national director of residential project marketing, says the focus in 2019 has shifted to the supply of affordable homes and regeneration of traditionally less expensive suburbs.
“Investment in these suburbs through new development and infrastructure will invigorate these areas and create more desirable places to live with continued growth potential,” he says.
The "Golden Triangle" centres of Hamilton, Tauranga and Raglan – along with the Auckland suburbs of Onehunga and Westgate - remain among the pick of top growth areas for the second year in a row.
At the higher end of the market, Auckland’s Wynyard Quarter is expected to experience continued improvement in the lead up to Apec in 2020 and The America’s Cup in 2021.
SO WHY MANUKAU?
Manukau is one of three centres outside of CBD that Auckland Council has prioritised for growth through to 2050 and is expected to undergo significant change.
The Transform Manukau project involves major investment by council and central government and covers 600ha of land including the metropolitan centre and Wiri suburban area to the south.
This will regenerate the town centres at both Manukau and Wiri, support substantial residential and commercial development and focus on improving services such as healthcare and schooling, as well as increased tertiary education presence in the area.
Transportation improvements include a new integrated rail and bus station, upgrades to Great South Road, a mass transit route from the airport to Botany via central Manukau, and creation of a comprehensive cycle network. The Auckland suburbs of Onehunga, Northcote, Manukau, New Lynn and Panmure are primed to defy the city's housing market slowdown.