Top yields in City of Sales

It’s an exciting time for Auckland City Central: work is underway for the America’s Cup and APEC in 2021; the City Rail Link is moving ahead – which will bring more people into the city for work and recreation; SkyCity’s New Zealand International Convention Centre is in the works; five-star hotels are being built and the number of public and private infrastructure works underway is too long to list here. 

The effect of all of this is a really bright future for property in the CBD, says Auckland Property Investors’ Association president Andrew Bruce, who both lives and invests in the Central City.

“It’s really exciting times for the central city, and with all this work that’s coming on stream there are going to be jobs created and housing demand flowing on from that.”

The CBD and surrounding suburbs experienced astronomic capital gains in the past couple of years, along with the rest of Auckland. But while Bruce doesn’t expect the value increases of the recent past to revisit in the next year due to the amount of investment in the central isthmus “looking at the medium to long-term it’s both a great place to live and invest in.”