New developments | Impression Real Estate
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New developments

Posted by Impression on 31, Jul 2015

From the increased demand we see year round there is certainly capacity for many more developments.

Apartment living in Auckland is catching on like wildfire. Proof is in the new developments shooting up around the city, including the suburbs. Up and down the city, from Orewa to Pukekohe, New Zealanders have decided that they can live without a traditional home with space surplus to their requirements.

Reports show that the city has 26,500 apartments in 393 buildings, and 68% are located in the CBD. Another 5,723 apartments in 87 buildings are planned to be completed by the end of 2018. This will put the figure up to 32,000 apartments in 480 buildings. It is a staggering representation of trends happening in and around the Auckland property market.

The new builds are to a higher standard than previous developments seen going up on the skyline in the mid 2000’s. These are designed to appeal to a new and more sophisticated type of apartment dweller. Bigger, greener, respectable and created for people intending to rent or own for the long term.

From the increased demand we see year round there is certainly capacity for many more developments.

Come in and see us for a discussion about any project you may be interested in. We can lend you 16 years worth of “new build”  advice. Impression has over 1,750 investors that have been there and done it all so we are able to provide you with examples from the coalface and assist in making the best decision for your future.

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