April 2, 2011/
This property is in Herne Bay in Auckland.
The Herne Bay median house price went up by 47% in the 2003 – 2007 boom.
For the same period the median house price in Glen Eden rose by 90%.
Why did Glen Eden grow by so much more than Herne Bay? What is the Glen Eden of the next boom? Is there a way to confidently predict this?
To answer this it is important to understand the capital growth demand and supply drivers. Demand drivers are population growth and demographic changes. Supply drivers are things like infrastructure development, land supply, intensification, urban limits and culture. So what do we need to know about these drivers to pick our capital growth hot spots?
See our presentation below for more.