Rock steady performer

Palmerston North

Slowing, even flatlining, markets in the main centres mean that the regional heartland is where the engines firing the property market are these days. After years of languishing in the background, it’s provincial markets that are now seeing high demand and stellar price growth.

Palmerston North is one such market. While it may not have the glamour or dramatic potential for growth of a big city, investors would be unwise to overlook its quiet charms which include a very healthy student rental market.

Property in the Manawatu’s business hub is available for comparatively affordable prices and, at the same time, the market can still provide decent capital gains and solid returns to investors.

Long delayed recovery