In the Tortoise and the Hare race – the tortoise is ridiculed by the hare for being slow. Wellington over the years has experienced much the same derision mainly from the locals of Auckland including our Prime Minister who infamously once said Wellington was dying. Well just like in the tortoise and hare race Wellington is rebounding.
Wellington is investing in it’s future and property owners will reap the benefits. The much publicised $10 billion spend on infrastructure including new motorways and the Airport runway extension for jets from Asia has drawn interest in Wellington as a commercial business centre. The premium Australian department store David Jones chose Wellington for it’s first presence in New Zealand and now leading advocates: Sir Peter Jackson and Sir Richard Taylor are backing a project that if approved today by the Council will draw in huge numbers of visitors which will boost the local economy.
Reported in the NZHerald, a movie museum and three storey convention centre is planned for Wellington’s waterfront and Sir Peter and Richard will pump millions of their own money into it. The site is on Wellington’s waterfront next to Te Papa museum.
Property values especially in sought after areas have steadily increased in recent months. Wellington is definitely a region moving forward so it’s no wonder Auckland property investors are adding a few Wellington properties to their portfolios.
PropertyTutors Wellington have seen a dramatic rise in interest from Aucklanders with many joining their mentoring program.
This blog article was written for PropertyBlogs by Mobilize Mail.