Despite the rise in demand over the last few years, we will likely see a relatively high number of affordable new homes in and around the Bay of Plenty. In 2015, reports by the New Zealand Herald show that more than 530 homes were listed under $300,000 by July 1.
That includes 391 under $250,000. This compares to a scant 136 homes listed under the $300,000 mark in the Auckland city area, of which the majority were one or two bedroom houses. On the contrary, some of the homes for sale in Tauranga were over 800 square metres. There’s no question that there is great potential to make a smart investment despite higher prices creeping into the market. It’s reasonable to note, though, that the Tauranga housing market often closely corresponds to that of Auckland. Those high prices could be coming our way soon.
As long as mortgage rates remain stable, the market should follow, though it’s likely new homes won’t get cheaper. Talking to a homebuilder in Tauranga is an important consideration for anyone looking to buy a new home in 2016. It’s a smart way to gain more control over your future living space – building a new home grants you more floor plan options and can provide access to an area that has an otherwise saturated market.
Choosing to design and build also allows you to circumvent the competition coming from outside investors, and now is the time to do it. Plots for custom-built homes are only going to see an increase in demand in 2016, especially as housing values likely continue their upward trend. Building a home brings especially strong potential to deliver a sound return on your investment in this climate.
It’s important to explain all your personal needs to your construction company before you start building. If resale value is a strong concern for you, be sure to ask your house design specialist what they recommend based on your desires and recent changes in the market.
Navigating the changing real estate market can be difficult. Doing it with the help of an award-winning homebuilding company like Sentinel Homes can make things much easier. Sentinel Homes offers a range of home design choices around the Tauranga area.
Experience the Karaka show home, where dream living meets affordability. Read about the smart structural design and cost-saving tips that will make your dream home a reality.
Step into the extraordinary with Sentinel Homes’ Ara Hills show home from Maree van de Water, Managing Director at Sentinel Homes North/West Auckland. Discover how an upside-down concept, high ceilings and strategic design choices create a spacious and modern haven – without breaking the bank.
Park Green is a stunning new development in Karaka, just minutes from the motorway and close to shops. Park Green already has a brand new primary school, and a neighbourhood centre and café are coming soon.
Imagine being in a home tailored to your every wish – in your favourite location. Whether it’s beachfront Mt Maunganui or the middle of Ponsonby, you have options, no matter how busy the area already is. From demolition to recycling, find out how to knock down and rebuild, turning your favourite spot into a masterpiece. Here are your FAQs answered.
Let’s get together for a free, no-pressure meeting with one of our team, at your place or ours.
We can't wait to hear your ideas!