NZ’s top places for property gains
Auckland is the undisputed winner when it comes to capital gains but Dunedin is proving one of the most profitable places for property investors long-term, a new report says.
The report by Westpac identifies the best suburbs for gross yields and capital gains in seven New Zealand centres.
Auckland’s red hot property market made it the best place for investors to make a gain on their capital, with the value of three-bedroom homes jumping between 14 per cent and nearly 19 per cent last year.
However, Dunedin proved to be the pick for long-term landlords, producing seven of the top 10 suburbs for gross yields.
Dunedin’s Forbury was the best performer with a yield of 8.3 per cent.