Investors choosing apartments in Christchurch over pricey North Island homes
North Island investors are turning their backs on higher prices in their home cities to snap up central Christchurch apartments.
The city has had a noticeable upswing in out-of-towners buying apartments and townhouses in the past few months.
"When average prices are $500,000 in Christchurch and $1 million in Auckland, you can certainly see the appeal," said Kelvin Davidson, senior economist for property analysis firm CoreLogic.
Poll: Are you starting to feel a lift in business confidence across the Canterbury region?
The Press reports that Canterbury is right in the middle of a construction boom, with activity forecast to peak around 2027 and major investment flowing into transport, water and energy infrastructure.
We want to know: Are you starting to feel a lift in business confidence across the Canterbury region?
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40% Yes
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60% No
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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79.7% Yes! It's better to regift what I don't need
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20.3% No. It's the thought and effort that matters
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
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