Palmerston North takes the cake internationally

Century 21 New Zealand

Wednesday, 23 January 2019

It’s no surprise to one leading Manawatu real estate boss that Palmerston North has been identified as the best place in New Zealand to buy a property, according to a just-released international study on housing affordability.

The annual Demographia survey calculated it would take just half the number of years to buy a median-priced house in Palmerston North earning the local median income than it would for Aucklanders to buy in Auckland.

“Palmerston North has had some solid growth in house prices over recent years. However the good news is we’re still miles more affordable than the likes of Auckland and Tauranga,” says Tim Kearins, owner of Century 21 Premier (Palmerston North).

He says key to Palmerston North being deemed relatively affordable is the fact that local incomes remain healthy.

“Not only does this show the rest of the country that we’ve got fair and reasonable house prices but it also highlights Manawatu’s ongoing economic strength. Palmerston North provides a lot of employment opportunities, is a leading education provider, and then of course we’re surrounded by a strong rural hinterland.”

He says the number one draw for most people is the lifestyle on offer.

“People love that we’ve got all the big city conveniences but the place is still easy to get around and has a great sense of community. What’s more we’re only a couple of hours away from the country’s capital city and have good proximity to both coasts.”

Century 21 Premier (Palmerston North) is not only busy selling residential homes, they market lifestyle blocks and farms as well as specialise in property management.

“We’ve been busy right across the wider Manawatu working as an effective and passionate team. Having Palmerston North now internationally recognised as the best place to buy property is something we’ve known locally for years, but we’re now very happy to share it with the world,” says Mr Kearins.

As a case in point, Century 21 is currently marketing one centrally-located 1920s four-bedroom home sitting on over a quarter of an acre. It has a CV of just $480,000 but has huge potential for developers or character lovers. To view Andrew Pugh’s Worcester Street listing visit: https://www.century21.co.nz/property/residential/buy/nz/44/west-end/452446

“Tim and his team have got plenty of great properties for prices that would make many Kiwis green with envy. Palmerston North is one of Century 21’s best performing offices and plays a big part in making the area such a great place to buy and live,” says Ryan Mitchell, National Manager of Century 21 New Zealand.

www.c21.co.nz/palmerstonnorth

ENDS

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