Skip to main content Skip to footer

Ten places where you should buy in 2022

OMC 1536x1040 Small

Colliers’ pick of the top residential areas for medium- to long-term growth

Each year our residential experts release their prediction of the best areas to invest for price growth for both owner-occupiers and investors, over the next two to five years.

The areas are selected based on changes or improvements that are either already underway or in planning stages.

Pete Evans, National Director of Residential Projects, says these changes make the areas more desirable places to live, which leads to price growth over time.

“This year’s list is focused on Auckland and is not just low-priced areas that can grow from a low base, but areas that continue to be sought-after due to the lifestyle offered and will continue to experience value growth despite market conditions,” Evans says.

“During the past two years developers have been primarily focused on creating affordable supply for first home buyers and investors.

“However, rising interest rates throughout 2021 that are projected to continue into 2022 means the historically low rates that made purchasing more accessible for this market are no longer available.

“The focus in 2022 will shift to a balance that includes supply of affordable suburban homes with more mid-market and upmarket options coming to the market.”

Top 10 Auckland areas:

Manukau

 alt=""

  • One of three centres outside of the CBD prioritised for growth through to 2050 according to Auckland Council.
  • Southern CBD that includes retail, office, accommodation, and education.
  • New transportation hub now established.
  • Residential development includes neighbourhood to the south with 200 homes recently completed and civil works underway for a new masterplanned community of 450 dwellings further south on Kerrs Road.

Papatoetoe

  • Puhinui Station recently completed, unlocking fast, frequent, and easy connection to the CBD and Auckland Airport, which will become more relevant and advantageous in 2022 and beyond
  • Revitalised Papatoetoe Mall that includes extension and refurbishment of the New World
  • New residential developments include 2.5ha being developed by Eke Panuku and Avant Group, plus private developers converting established houses into much needed terrace housing and apartments.

Mount Roskill

  • Substantial amount of residential construction underway, including a government-led project that will bring 11,000 new homes to the area over the next 10 to 15 years.
  • This suburb is centrally located and currently it is largely a construction zone so now is the time to act.
  • For buyers who can see the vision and act accordingly there will be medium to long-term lifestyle and financial benefits.

Onehunga

Onehunga Mall

  • New apartments, mixed-use developments, and industrial projects all underway.
  • Onehunga Mall Club will add retail and 102 residential apartments to Onehunga Mall.
  • Plans are in place to add approximately 6,000sq m of additional tenancies, including retail and hospitality to the Dress Smart and Waiapu Lane blocks.
  • Upgrade of the waterfront will become the Wynyard Quarter of the southern corridor in time.

Kingsland

  • City fringe residential suburbs continue to perform strongly.
  • Great local amenity and transport options, including the new City Rail Link.
  • The return of sport, concerts, restaurants, cafes, and bars will see Kingsland cement its position as an alternative to less affordable suburbs of Ponsonby and Grey Lynn.
  • New residential developments such as The Electric will provide young professionals and more mature lifestyle changers the opportunity to live an exciting future in these cultural city fringe hubs.

Epsom

303 Manakau Road Epsom 2

  • Established lifestyle suburb with double grammar zoning and a selection of private schools.
  • New builds in the area provide affordable alternatives to established houses that are now out of reach for most of the market.
  • Substantial lifestyle amenity with village retail, One Tree Hill, and Cornwall Park.

Newmarket

  • Vibrant retail and entertainment precinct that will continue to gain market share as a city alternative.
  • New residential developments such as The Domain Collection and The Foundation Village provide residential options for people at all stages of life.
  • Very appealing as a location for a secondary home with ample amenity within walking distance and proximity to the CBD.

Saint Heliers

  • The eastern bay suburb with its own beach and village continues to attract people of all ages.
  • Easy harbour drive to the city but with substantial local amenity, including recreation, retail, hospitality, and schooling.
  • Lifestyle options are even more sought-after as people continue to work from home.

Albany

  • One of three growth nodes outside of the CBD according to Auckland Council.
  • Intense residential development has taken place in recent years with land still available for more development.
  • Northern Corridor project is due for completion in 2022. This will provide a new interchange between the Northern Motorway and Upper Harbour Motorway, extra motorway lanes, new busway infrastructure and a cycleway.

Long Bay

IMG7 copy Small

  • The ultimate lifestyle option with its own coastal environment just 30 minutes from Auckland CBD.
  • Walkable local amenities are easily accessible, including convenience stores, restaurants, bars, the beach, and a regional park.
  • A range of housing options from the affordable to mid and upmarket, terraces, apartments and house and land packages.

Related Experts

Pete Evans

National Director

Auckland

Pete specialises in residential property development and project marketing. Pete is focused on leading the growth and development of the national residential business line through providing diverse and integrated residential property services, enhancing project design and mix to identified target markets, client engagement strategies, branding and positioning, project sales specialist to sell-out projects, fostering and maintaining service excellence. 

View expert

Jeff Davidson

Director

Auckland

Jeff's career commenced in chartered accountancy before progressing to financial management roles in a range of diverse industries leading to his appointment as Managing Director of a prominent national real estate group before establishing his own consultancy business. Jeff's association with Colliers commenced in 2007 providing consultancy services to Colliers evaluating and making recommendations  to Colliers for new business opportunities. This work led to the re-establishment of the Residential Project Marketing Division in 2008 which has been involved in projects to date with a value of over $1billion. Jeff is responsible for the execution and successful sell down of medium to high density residential projects, liaising with clients, developing products that best meet market needs and driving a team of specialised project sales consultants to achieve targeted sales results that enables construction to commence at the earliest time.

Jeff continues to act as an independent member on advisory boards utilising the breadth of knowledge and experience gained across his diverse work experience. Colliers 2008 - current, RJD Consulting Limited 2006 - current, Bayleys Realty Group Limited 1999 - 2006, Ernest Adams Limited 1997 - 1999, Bridgestone Firestone Limited 1992 - 1997, Arthur Yates & Co Limited 1987 - 1992 and Deloitte (NZ and South Africa) 1980 - 1987. 

View expert

Juliet Lichtenstein

Project Sales Manager

Auckland

Juliet brings patience, persistence and professionalism to the role of project sales manager, making an unbeatable combination for success. Juliet’s strength is in building a natural rapport that enables a seamless process that delivers results for her clients and purchasers.

Juliet joined Colliers International in 2015 and since then has been involved in multiple projects, including the very successful Alexandra Park project in Epsom, with a gross realisation of $294 million and SKHY, Grafton, with a gross realisation of $56million.

Juliet has a background in residential real estate. Prior to joining Colliers she was a sales consultant in the eastern suburbs of Auckland, which involved listing, marketing, negotiating and selling both at auction and private treaty.

Accomplishments

Projects:

  • Alexandra Park – 100% sold within 21 months, currently under construction.

  • SKHY – over 90% sold to date, stage 1 completed in early 2018 and stage 2 completing August 2019.

Juliet is Colliers International Residential Project Marketing’s number one selling agent in New Zealand with over $350 million sales to date.

Testimonial:   It gives me real pleasure to have the opportunity to convey what a positive experience it has been to be involved in the first stage of purchasing one of the apartments at the proposed Alexandra Park development.  The outstandingly personal and friendly way Juliet Lichtenstein and the team explained the project to us and allowed us to consider what the possibilities might be for us.  Juliet's professional manner has meant that at no time did we feel we overpowered by a slick sales process. We are fortunate to have taken the next step in our lives with such a competent professional.                                      L & D Donaldson June '16

 

 

View expert