EASTERN HAMILTON
Rototuna/Flagstaff/Huntington (pricing approx $650,000 to $1 million)
• North East of Hamilton – newer development and construction
• Property prices are higher requiring higher initial investment
• Lower maintenance costs
• Tenancy – very popular due to modern, low maintenance properties, good schooling and new development
• Rent rate – highest in Hamilton
• Huge ongoing development
• New town centre coming with Library, community centre and pool
• A variety of schools, all decile 10. Popular schooling.
Chedworth/Chartwell/Queenwood (pricing approx $500,000 to $750,000)
• South of Rototuna
• More established area of Hamilton, good schooling, handy to Westfield Shopping Centre
• Tenancy – popular with families
• Rent rate – above average
• Popular school zone (Hukanui Primary)
• Traditional family area. A good reputation.
Fairview Downs (pricing approx $450,000 to $600,000)
• Very close to the Ruakura Inland Port which starts in 2019, supporting 12,000 future jobs
• Currently undervalued considering huge future infrastructure upgrades
• Good area for future capital gains
• Range of housing quality and prices
• Range of socio-economic groups
• Easy access to Ring Road and Waikato Expressway
Fairfield/Enderley (pricing approx $350,000 to $550,000)
• Low socio-economic area
• Property prices are a lot lower and bargains are to be found
• Tenancy - tendency for lower income families
• Insulation is a must
• Properties generally require more maintenance and higher tenant issue costs
• Properties may take longer to rerent
• Rent rate - low
• Close to inland port, so should get good capital gains
• Cheap area to buy a house
Hamilton East (pricing approx $450,000 to $650,000)
• One of the first areas settled in Hamilton, some areas of historic villas that have been very nicely refurbished and very popular with young professionals, together with new developments/townhouses
• Easy to re-rent
• Rent rate - medium
• Close to CBD
• Close to University
• Range of housing quality and prices
• Popular with first home buyers
Hillcrest/Silverdale/Riverlea (pricing approx $450,000 to $750,000)
• Services both University and Hillcrest High School
• Large amount of modern development in the University area
• Hillcrest still the most popular school zone
• Areas of families with teenagers and areas with high student content
• Easy area to find tenants
• Variety of housing available and prices
WESTERN HAMILTON
Pukete (pricing approx $450,000 to $700,000)
• North West Hamilton – handy for The Base shopping centre
• Close to employment/jobs in Te Rapa, Industrial and Commercial
• Relatively modern properties and a very popular area
• Good schooling
• Rent rate - medium to high
Bryant Park/St Andrews ($450,000 to $800,000)
• More established area of Hamilton, not as modern as Pukete
• Popular family area with good schooling, handy to City Centre
• Rent rate - medium
• Areas of cheap housing and expensive sought after streets
• Close to employment/jobs in Te Rapa, Industrial and Commercial
Forest Lake/Maeroa (pricing approx $450,000 to $600,000)
• Areas of modern and dated housing
• Older properties may be slower to rent unless priced correctly and insulated
• Modern properties returning good rental rates
• Close to City Centre and also the Western Bypass
• Popular with first home buyers, trendy with young people
• Close to employment/jobs in Te Rapa, Industrial and Commercial
Nawton (pricing approx $400,000 to $650,000)
• Low socio-economic area
• Property prices are a lot lower and bargains are to be found
• Tenancy - low socio-economic/lower income families, properties generally require more maintenance and higher tenant issue costs
• Some properties on the outer areas are reasonable and are better investment potential as handy to the local shopping centre and City Centre without having to cross a bridge
• Properties may take longer to re-rent
• Insulation required
• Rent rate - low
• Some modern areas that are nicer
Dinsdale (pricing approx $450,000 to $600,000)
• Areas of working families and lower income families
• Rental rate medium
• Popular for tenants wanting units
Western Heights (pricing approx $600,000 to $750,000)
• Modern properties with good rental returns slightly lower than Rototuna
• High demand for quality properties
• Tenancy - popular with families
• Good demand for larger properties
Frankton (pricing approx $450,000 to $550,000)
• Has been rezoned as residential high, resulting in a lot of new developments, 2-3 bedroom townhouses, good schooling.
• Tenancy - popular with couples, single parents with one child and older singles
• Rental rate - medium
Hamilton West/Lake (pricing approx $650,000 to $1 million plus)
• Higher priced properties as handy to CBD and also those surrounding the Hamilton Lake with views
• Tenancy - older professional families/couples
• Rental rate - high
Melville/Bader (pricing approx $400,000 to $550,000)
• Low socio-economic area, areas closer to the Hospital are under development with new townhouses and are popular with Medical Staff with good / higher returns
• Property prices are lower and bargins are to be found in some parts
• High demand as close to hospital
• Tenancy – low socio-economic, properties generally require more maintenance and higher tenant issue costs, properties may take longer to rerent
• Rent rate-low/medium
Deanwell/Glenview (pricing approx $400,000 to $550,000)
• Areas of lower income families moving into established family homes to the South
• Glenview is a very popular area for families who tend to move into the area and stay, good schooling
• Rental rate – medium/high