As one of the fastest growing small towns in the country, Timaru has become a focal point for New Zealanders looking to get out of the main hubs, start a family, or those who just want to relax with a laid back lifestyle. The stable real estate market provides a security and certainty that many other regions of the country cannot offer and the size is perfect for many people who do not want to give up convenience to achieve the comfort and affordability they seek. for.
There are some questions buyers, especially families looking to relocate, often ask about Timaru, its real estate market, and why it might be right for them.
Why is the market so big?
Throughout the ups and downs experienced by the rest of the New Zealand property market, Timaru experiences consistent and reliable stability. It was the market least affected by the bursting of the housing bubble in 2008 and nothing seems to be able to drag it too far. Homes for sale in Timaru are always affordable with profitable returns ahead. Between 2006 and 2011, the median home price rose $40,000 to $220,000, a positive increase for yields that does not leave homes unaffordable for current buyers.
Is now a good time to buy?
With the Christchurch earthquakes a key reason many are choosing to leave the South Island’s largest city, Timaru is seeing more growth than usual. As the population increases, new opportunities have arisen for workers and business owners with more money flooding the economy, offering even more economic and financial gains than usual.
How is the access to schools, shops and services?
Like most other cities in the country, Timaru has an excellent variety of educational options from primary to high school. There are a dozen primary schools and five secondary schools offering single-sex and coeducational options for families, all of which are well-rated with high pass rates from the NCEA. It’s also located right between Dunedin and Christchurch, so those looking to study at university in a few years’ time don’t have to stray too far from the nest.
Stafford Street is in the center of the city and is the main street where many shops, restaurants and bars reside. Malls like Northwood in Ashbury cater to the outer suburbs, as well as a number of smaller outdoor malls.
If you’re looking for a lifestyle block, cheaper living, and a better, stress-free life, look no further than Timaru. You will love getting away from the main centers and being able to lead the life you want to live. Own your own home and raise a family in New Zealand’s most up-and-coming city.