Paraparaumu Property

Discussion in 'Other Regions in Asia' started by amir, Sep 20, 2006.

  1. amir

    amir New Member

    Hi all, I have been looking around Paraparaumu for a possible IP. Are there any problem areas or possible problems I might encounter in this area. Any advice or comments would be very welcome. Thanks
     
  2. andy

    andy New Member

    I have 5 properties in the area (Raumati - Paraparaumu) and from my experience the capital gain has been fabulous. The rents are low, as the average household income is very low (under $38K). This trend should move upwards with different industries growing in the Kapiti area.

    Kapiti is the 3rd fastest growing region of NZ. Lots of development happening and planned both commercial and residential. New owners of the airport want to spend $750 m on it.

    It has it's own micro climate - normally a few degrees warmer than central Wellington.

    Cheers,
     
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