Buying in Taranaki/New Plymouth

[moises]

Hey All,

I'm surprised that New Plymouth/Taranaki isn't an area that?s been discussed as a good place to buy. The region has a lot going for it: The beaches, surf, mountain, skiing etc and the economy is booming. The oil and gas industry is also growing, so shouldn?t this all equal a good place to invest?? Better than Tokoroa I would have thought??

Regards!!

 

[quentin]

Hello moises,

I agree 100% its a great area. But towns like Hawera have had some great capital growth over 2004, maybe it will continue. Sadly we can't buy for our clients there as the prices have risen so much that the returns have dropped.