The Taupō, Turangi and Kinloch Real Estate markets have been on a steadily improving path since 2010 which is positive and exciting news for the local economy. From around 2015 we have seen gradual increase in sales volumes and values, and the predictions for the next few years are similar, the good news is now home owners are now seeing some good capital growth
The Taupo district is now a very popular destination, both summer and winter, with buyer interest coming from all over New Zealand & international quarters. Many people are settling here and making Taupō their home or investing their dollars here for the future or holiday fun. We have consistently strong interest from city buyers who are struggling to keep up with their own markets (especially Auckland) where prices have reached unattainable levels in some cases. The Great Lake Taupō area is definitely on the shopping list for buyers looking to move here or purchase investment property as our property prices are still within reach of most purchasers.
The question we are “always” asked is “What is the market going to do in the coming months or years?” Due to increased buyer demand there have been gradual price increases however there will always be affordable buying opportunities in Taupo, Turangi and Kinloch and a steady volume of sales.
In the upper end of the market unique properties are well sought after from national and international quarters. Buyers can be selective and cautious as they are throughout most areas of NZ, but well priced and widely marketed properties are receiving stronger interest than past years. Expatriates returning home to a strong New Zealand economy still see our local residential market as attractive alongside some good commercial and business prospects.
There is no doubt that this region is still thriving and attracting national and international visitors, and although our markets may alter slightly from one year to the next we are one of the most popular areas of New Zealand. From summer through to winter, our sales graphs illustrate year round activity.
The ever increasing demand to hold major sporting events here, and the commitment of the area’s infrastructure to maintain that attraction by upgrading and fine tuning the facilities on offer, ensures that the Taupō area will remain top of the mind recall for national & international property investors.