News

Why Invest in Christchurch?

By Liam O'Boyle

Why invest in Christchurch?

For those who question why should I invest in residential property in Christchurch in the light of continuing aftershocks and increasing cost of ownership.

Christchurch is now the site of the largest civil engineering project ever to be undertaken in the history of New Zealand by a factor of between 10 and 20 times the size of any previous project.

A high percentage of this project is insurance funded with further significant contribution from Government, Local Authorities and Private Sector.

Effectively Christchurch is recession proofed for many years to come.

The media currently is expressing the frustrations of a number of Cantabrians; this is the result of continuing aftershocks which slows the rebuild time table amplified by insurance issues. 

As with any major event in one’s life there is a psychological cycle in response to these events, and with some immediate broad decisions that were required, there were some winners and losers.

A natural human reaction to some of these situations is despair and frustration and blame.  Towards the later part of 2012 the rebuild will gain momentum with attitudes and spirits lifting as progress becomes tangible.

The aftershocks are following predictions of lessening occurrence and intensity, as some of these aftershocks are very shallow and close to the city their impact is still noticeable. 

The majority of Christchurch’s residential properties on Land Zoned Green in the Grey and Yellow categories, are of light timber frame construction and have performed extremely well in over 10,000 earthquakes with mainly only cosmetic damage occurring.

The demand for residential rental property is giving increasing returns both in property values and rents, taking into account the above factors this should be an on-going trend.

Tony McPherson
Director – McPherson Property Management

Up to Date

Latest News

  • 9 Ways to Make your Home Tip-Top in Spring

    With spring upon us now is the perfect time to put winter to bed with a little spring cleaning and house maintenance. Whether you’re a renter, a landlord or an owner/occupier, here are nine ways you can welcome the warmer weather and get your place looking and feeling tip-top. Start … Read more

    Read Full Post

  • Dealing with Damp and Condensation in Kiwi Homes

    There is no question there’s an abundance of damp, poorly insulated and poorly ventilated homes in New Zealand. These houses are hard to heat, prime for condensation and can be a breeding ground for mould and dust mites. Let’s look at how damp conditions and condensation are created, how the … Read more

    Read Full Post