House values in the Kaipara district rose by 24.3 per cent in the last 12 months to June meaning the average house price in the area is now $520,852 the highest in Northland.
Quotable Value registered valuer James Steele said the strong growth in values experienced in the Kaipara District is heavily influenced by the Mangawhai area but says the West Coast has also picked up led by Dargaville. “This market is driven by the traditional holiday home buyer as well as a number of retirees and Auckland commuters looking for a change in lifestyle but still within arm’s reach of a major city.
“In saying this, Dargaville has also picked up over the past year and appears to be realising some of the value growth already experienced by other regional centres where buyers have identified it as being more affordable, offering both entry level housing and higher rental yields.”
Mr Steele said house values are also still rising in parts of Auckland including Rodney — North, Whangarei and the Far North District for similar reasons.
“If things continue to slow through the rest of Auckland and confidence in the wider market begins to fall, the easing in the rate of value growth experienced in Auckland could also follow further north,” he said.
Data from the Kaipara District Council shows from July 1, 20162017 there were 331 building consents issued in Kaipara, with 221 of these in Mangawhai.
“The District Plan has growth areas identified around Dargaville, Kaiwaka, Mangawhai and Maungaturoto. We are currently assessing land for future development as part of the Mangawhai Community Plan project.
We will then be reviewing the other growth areas, with Dargaville next,” said council general manager community, Venessa Anich.