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Auckland's Golden Bricks - Owning a Piece of the Dream!

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Auckland's property market is a shining beacon, a testament to the city's undeniable vibrancy and potential. Forget the naysayers – capital gains are acting like rocket fuel, propelling Auckland to even greater heights!

Over the past 20 years, Auckland property prices have experienced significant growth. From December 2003 to June 2023, the average property value in Auckland increased by approximately 287%, which translates to an average annual growth rate of about 7.5% per year​ (CoreLogic New Zealand)​​ (Opes Partners)​.

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Imagine this: you snag a charming townhouse in a friendly neighbourhood. The latest REINZ data tells us Auckland's median sale price sits at a cool $1,048,000. Townhouses often fall below this median, offering a potential springboard to homeownership without breaking the bank! Now, picture this – a few years later, thanks to Auckland's historical trend (though past performance is not indicative of future results), your townhouse's value could soar! Suddenly, you're not just a homeowner, you're a savvy investor with a slice of Auckland's exciting property market.

For the people who love numbers, below is an example of what this could look like.

To estimate the future value of an Auckland townhouse bought now for say $719,000, using the past 20 years' growth rate of 7.5% per year, we can follow this formula:

Future Value=Present Value×(1+Growth Rate)Number of Years

Given:

  • Present Value = $719,000
  • Growth Rate = 7.5% or 0.075
  • Number of Years = 20

First, calculate the growth factor:

(1+0.075)20 ≈ 4.27

Now, multiply the present value by this factor:

Future Value ≈ 719,000 × 4.27 ≈ 3,068,130

So, based on past performance, a townhouse bought for $719,000 could be worth about $3,068,130 in 20 years.

 

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Capital gains are the magic ingredient that's attracting a wave of excited investors. But Auckland's magic extends beyond standalone houses! Townhouses offer a fantastic option – all the benefits of property ownership with a lower entry point.

And it's not just about you! As property values climb, so does Auckland's collective wealth. The local government gets a healthy boost from collecting rates, which is a significant source of revenue used to fund critical infrastructure projects and social programs. This translates into shiny new schools, world-class public transport, and vibrant community spaces – all thanks to the engine of capital gains!

Worried about affordability? Townhouses are here to help! This investment boom is leading to a beautiful explosion of new housing options, perfectly suited to young professionals and growing families. Townhouses offer the benefits of homeownership – your own space, often with a private courtyard –  at a price point often more manageable than an existing traditional house.

Looking towards the future, Auckland's property market shimmers with golden possibilities. With strong economic foundations, a lifestyle that's the envy of the world, and limited land availability, the city is a magnet for investors. But remember, sustainability is key! As Auckland grows, a focus on eco-friendly practices and a steady stream of new housing options, including townhouses, will keep the market thriving for years to come.

The bottom line? Auckland's property market is a symphony of opportunity, fuelled by the power of capital gains. Townhouses offer a fantastic chance to join the party! With a little planning and the right guidance, you too can become part of this incredible story.

So, don't just dream of owning a piece of Auckland – make it a reality in a fantastic townhouse!

 

New Zealand Inflation Costs, Bringing Hope for Home Buyers and a Stimulated Economy

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New Zealanders facing rising living costs can finally take a sigh of relief. The latest inflation figures released in the June quarter paint a much brighter picture, with the annual inflation rate dropping to a welcome 3.3%. This positive development strengthens the possibility of the Reserve Bank of New Zealand (RBNZ) lowering interest rates by November, potentially injecting new life into the economy and offering a lifeline to aspiring homeowners.

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Economists view this decline as a golden opportunity for the RBNZ to adjust its monetary policy after a period of tightening to combat inflation. The central bank's primary goal is to keep inflation within a healthy range of 1% to 3%, and the latest figures suggest they're on the right track. This achievement is particularly encouraging as it provides room for the RBNZ to consider easing its grip on monetary policy in the coming months.

Several factors are contributing to this positive outlook. Imported inflation, which can put significant pressure on domestic prices, has shown promising signs of waning. This suggests a potential easing of price pressures from external forces, offering some welcome relief for New Zealanders. While domestic inflation, driven by factors like rent and insurance, remains elevated, economists see encouraging signs of a slowdown in these areas as well.

This positive trend has led several leading economists to revise their forecasts. Experts from Westpac Bank, ANZ, and Kiwibank all now predict that the RBNZ will cut the Official Cash Rate (OCR) by November, if not sooner. While the exact timing of potential rate cuts remains to be seen, the declining inflation rate provides a clear signal that the RBNZ may loosen its grip on monetary policy. This could be positive news for borrowers of all kinds, as lower interest rates could stimulate economic activity by making borrowing more accessible.

 

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For aspiring homeowners, the prospect of lower interest rates is particularly exciting. Lower borrowing costs translate directly to cheaper monthly mortgage repayments, freeing up valuable income. This increased financial flexibility empowers new home buyers to consider a larger loan or save for a more substantial down payment, making homeownership a more achievable dream. This trend should benefit those buying off the plan, who can secure a home at today’s prices with the settlement at a time that could coincide with lower interest rates. While not guaranteed, this scenario could ease the threshold that new home buyers often face, giving them a better chance of securing their dream home.

The overall trend is undeniably positive, offering a reason for optimism for New Zealanders facing rising living costs. The combined efforts of the RBNZ and a potential slowdown in inflation could pave the way for a more stable and affordable future, particularly when it comes to buying a home. This positive economic outlook could also lead to increased investment and business growth, benefiting all New Zealanders.

Sources

https://businessdesk.co.nz/article/finance/inflation-outcome-shores-up-view-the-rbnz-will-cut-by-november

https://www.rbnz.govt.nz/hub/news/2024/07/ocr-5-50-inflation-approaching-target-range

https://www.westpaciq.com.au/economics/2024/07/pivot-note-july-2024

https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/one-small-step-for-inflation-one-giant-leap-from-the-peak/

https://www.anz.co.nz/content/dam/anzconz/documents/economics-and-market-research/2024/ANZ-OCR-Call-Change-20240717.pdf

https://www.anz.co.nz/content/dam/anzconz/documents/economics-and-market-research/2024/ANZ-CPI-Review-2024Q2.pdf

Empowering Property Ownership - Mountain Vista Estate: A Case Study

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In the world of real estate, the idea of owning a property can often seem like an elusive dream for many. However, at DUVAL Property Group, we believe that with determination, strategic planning, and the right support, almost anyone can find a way to step into the property market. Let's explore a real-life case study that exemplifies this belief through our property development at Mountain Vista Estate in Mangere, Auckland.

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Case Study: Mountain Vista Estate Property

 

At Mountain Vista Estate, a newly built two-bedroom, one-bathroom furnished townhouse priced at $660,000 became the gateway to homeownership for a single male in his late 30s with an annual salary of $110,000. Let's delve deeper into the details of this success story:

  • Purchase Information:
    • Deposit: 10% ($50,000 from KiwiSaver + $16,000 from savings)
    • Bank Lending: 90% with ASB Bank at 6.6% interest
    • Settlement Date: 5 June 2024
    • Weekly interest payment $753.92 (or $39,000 per annum)
  • Projected Costs Over the Next 24 Months:
    • Body Corp Fees: $3,000 per year
    • Rates: $1,200 per year
    • Insurance: Included in Body Corp Fees
  • Rental Income Projection:
    • Potential Rental Income: $630-$650 per week
  • Projected Capital Gains:
    • The Mangere area has been experiencing steady growth in property prices over the years. With the potential for continued development and infrastructure improvements in the region, capital gains for properties in Mangere are anticipated to increase in the coming years.
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Analysis of the Investment Opportunity:

By choosing to live in the property or rent it out, the owner stands to benefit from potential capital gains as the property value appreciates. Additionally, with a projected gross annual rental income between $32,760 and $33,800, the property at Mountain Vista Estate presents a promising investment opportunity with a solid gross rental yield.

Conclusion:

The case of the single male buyer at Mountain Vista Estate underscores the notion that property ownership is within reach for those willing to explore opportunities and make informed financial decisions. With the added benefit of potential capital gains in the thriving Mangere area, investing in properties like Mountain Vista Estate can provide long-term financial growth and stability.

At DUVAL, we are committed to supporting individuals on their journey towards property ownership and wealth building. Let us help you navigate the path to property investment and capitalise on the promising opportunities that await in the dynamic real estate market.

Disclaimer: Property investment involves risks and individuals are advised to seek professional financial advice tailored to their unique circumstances before making investment decisions. At DUVAL, we can assist with putting you in touch with qualified and experienced, independent professionals.

Shifting Focus: Why Capital Growth Should Trump Yield When Investing in Property

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As a prominent property development company based in Auckland, DUVAL Property Group has established itself as a leader in the industry with its integrated approach to real estate services. With a sales and marketing arm dedicated to connecting buyers and sellers, as well as a property, building, and facility management arm focused on maintaining and maximising property assets, DUVAL understands the intricacies of the property market and the factors that drive success in property investment.

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In the competitive landscape of property investment, the debate between yield and capital growth has long been a topic of discussion. While yield is often considered a key metric for assessing the income potential of an investment property, DUVAL believes that when it comes to building wealth and securing long-term financial success, prioritising capital growth over yield is paramount.

For investors and property developers in Auckland, a city renowned for its vibrant real estate market and strong capital appreciation trends, the argument for focusing on capital growth holds particular relevance. By shifting the focus from short-term rental returns to long-term wealth accumulation through capital appreciation, investors can position themselves to benefit from the dynamic growth potential of the Auckland property market.

One of the key advantages of prioritising capital growth is the potential for greater overall returns over the long term. While high rental yields may offer immediate income streams, they may not necessarily translate into significant wealth creation over time. In contrast, properties that experience robust capital growth have the potential to deliver substantial gains upon sale, allowing investors to capitalise on the appreciation of their assets and build wealth through property investment.

In Auckland, where property values have historically shown strong growth patterns driven by factors such as population growth, limited land availability, and a thriving economy, the case for prioritising capital growth becomes even more compelling. By investing in properties with strong growth potential, investors can benefit from the city's buoyant real estate market and position themselves for sustained wealth accumulation over the long term.

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Focusing on capital growth can provide investors with the opportunity to leverage equity for future investments. As property values increase, investors can unlock equity in their existing properties to fund new acquisitions, developments, or strategic ventures, thereby expanding their portfolio and enhancing their overall financial position.

By prioritising capital growth over yield, investors can also build a resilient and diversified property portfolio that is less susceptible to fluctuations in the rental market. While high yields may be attractive in the short term, they can be vulnerable to changes in rental demand, vacancy rates, and economic conditions. In contrast, properties with strong capital growth potential are more likely to retain their value and continue to appreciate over time, providing investors with a solid foundation for long-term wealth creation.

In conclusion, as a leading property development company in Auckland, DUVAL advocates for the importance of prioritising capital growth over yield when investing in property. By focusing on properties with strong growth potential, investors can harness the power of capital appreciation, leverage equity for future investments, and build a resilient and successful property portfolio that stands the test of time. In a market as dynamic and promising as Auckland, embracing the philosophy of "forget yield, it's all about capital" could be the key to unlocking enduring success and prosperity in property investment.

Rising from the Bottom: Navigating Auckland's Property Market Cycle with DUVAL Property Group

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In the bustling real estate landscape of Auckland, where opportunities abound and investments thrive, DUVAL Property Group stands as a beacon of excellence in property development. Specialising in crafting multiunit developments in strategic investment hubs, we bring forth a unique blend of market expertise and visionary design.

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As the very foundation of property investment principles reinforces our approach, we are driven by a profound understanding of the industry's pulse. Today, standing at the cusp of growth, we find ourselves at the bottom of the market cycle. Historically, Auckland has experienced market cycles characterised by periods of growth, stability, decline, and recovery. By studying these patterns, investors can gain valuable insights into the market's behaviour and make informed decisions.

For those with a keen eye on property investments, the current market dynamics present a golden opportunity. With the market poised to ascend from its current low, now is the time to seize the moment and capitalise on the inevitable uptrend. By drawing on reputable sources and industry reports, investors can enhance their understanding of market cycles, anticipate upcoming trends, and position themselves strategically in the evolving real estate landscape.

Investing in property today with DUVAL means not just engaging in a transaction but embarking on a journey towards future prosperity. The past trends in Auckland's property market cycles have shown a tendency towards resilience, with recovery phases often heralding new opportunities for growth. Armed with knowledge gleaned from authoritative references, investors can navigate market cycles with confidence, leveraging opportunities and mitigating risks along the way.

In a realm where foresight and timing are paramount, our commitment to selling houses off the plan underscores our unwavering belief in the potential of tomorrow's developments. By investing in a property today, you are not just securing a physical asset but also a piece of the future that holds the promise of appreciation and growth.

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As the wheels of the real estate market begin to turn towards an upward trajectory, those who act swiftly and decisively stand to reap the greatest rewards. With DUVAL as your trusted partner in property development, the road to success in investments shines brighter than ever. Now is the time to step into the realm of property investment, and with us by your side, the journey promises to be as rewarding as the destination itself.

 

You can find information on property market trends in Auckland by visiting reputable websites such as:

Real Estate Institute of New Zealand (REINZ): The official website of REINZ provides comprehensive data and insights into the New Zealand property market, including specific information on Auckland.
CoreLogic New Zealand: CoreLogic offers detailed reports and analysis on property market trends across New Zealand, with a focus on key regions like Auckland.
Property Institute of New Zealand: The Property Institute of New Zealand's website may also have valuable resources and reports related to property market trends in Auckland.
By visiting these websites and exploring their resources on Auckland's property market trends, you can access up-to-date data, analysis, and insights to inform your investment decisions.

Seize the Moment: Why Now is the Best Time to Invest in Auckland Property Despite Economic Uncertainty

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Investing in property, particularly in Auckland, has long been considered a sound financial decision, and there's compelling evidence to suggest that now is always a good time to buy. This concept is encapsulated by the adage, "The best time to buy a property was yesterday; the next best time is today." This timeless wisdom holds true in today's dynamic real estate market, even amidst economic uncertainties, for several key reasons.

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Historically, property values have demonstrated a steady upward trend. Over the past decade, Auckland's property market has seen significant growth. Data from the Real Estate Institute of New Zealand (REINZ) shows that the median house price in Auckland has risen by approximately 90% from 2013 to 2023. This trend indicates that early investments often yield substantial returns over time. While market corrections and fluctuations do occur, the long-term trajectory tends to favour appreciation, making real estate a reliable hedge against inflation.

Current economic conditions may seem daunting, with recessionary pressures influencing market sentiment. However, this environment actually creates a buyers' market. Sellers are more motivated, often resulting in better pricing and more favourable negotiation terms for buyers. Interest rates, although variable, remain relatively low by historical standards, reducing the cost of borrowing and increasing the affordability of financing a property purchase. Banks and lending institutions are often more willing to offer favourable terms to investors, recognising the inherent stability and long-term potential of real estate assets.

Auckland's robust population growth is another factor underpinning the desirability of property investment. The city's population is projected to reach 2 million by 2033, according to Statistics New Zealand. This increase in population drives demand for housing, thereby pushing up property values and rental incomes. Investing in a property now positions you to capitalise on this ongoing demand, ensuring steady rental returns and potential capital gains.

Urban development and infrastructure projects further enhance the appeal of property investment in Auckland. Significant government and private sector investments in transportation, education, and commercial facilities boost the livability and attractiveness of various neighbourhoods. Properties in well-connected areas with access to amenities tend to appreciate faster, providing a lucrative opportunity for investors.

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The rental market in Auckland remains strong, bolstered by a growing population of young professionals, students, and expatriates. High demand for rental properties ensures a steady stream of income for property owners. The 2022 rental survey by the Ministry of Business, Innovation and Employment (MBIE) reported a consistent year-on-year increase in rental prices, reflecting the persistent demand and limited supply.

Technological advancements and the rise of remote work have also reshaped the property landscape. Suburban and peri-urban areas around Auckland have seen increased interest as more people seek spacious living environments while retaining proximity to the city. Investing in these emerging hotspots can be particularly advantageous as they offer lower entry prices with substantial growth potential.

Despite the current economic uncertainties, the Auckland property market offers numerous compelling reasons to invest now. Historical data, favourable economic conditions, population growth, infrastructure development, and a strong rental market all converge to create an environment where property investment remains a wise decision. By acting today, investors can secure their financial future, taking advantage of both current opportunities and the inevitable appreciation of real estate values over time. Whether you're a seasoned investor or new to the market, the principles of property investment remain unchanged: the best time to buy was yesterday; the next best time is today.

 

References:

REINZ Housing Market Reports: https://www.reinz.co.nz/residential-property-data-gallery
Statistics NZ Population Projections: https://www.stats.govt.nz/topics/population-projections
MBIE Rental Survey: https://www.mbie.govt.nz/building-and-energy/tenancy-and-housing/rental-bond-data
Auckland Council Development Projects: https://www.aucklandcouncil.govt.nz/plans-projects-policies-reports-bylaws/our-projects/pages/default.aspx

Principles of Property Investment: Insights from Du Val Property Group

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Investing in property remains one of the most effective strategies for building long-term wealth. However, to truly succeed, investors must understand the critical factors that drive property values and demand. At DUVAL, we emphasise the importance of capital gains, infrastructure, and accommodation drivers in areas with significant population growth.

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Population growth is a key indicator of rising property demand, both for rentals and capital appreciation. As more people move into an area, the need for housing increases, which in turn drives up property values. This trend is particularly evident in regions that continue to create employment opportunities. Areas near major infrastructure like hospitals, commercial centres, and business districts often experience robust job growth. Proximity to such amenities not only attracts residents but also ensures sustained demand for both rentals and properties for sale.

Infrastructure plays a pivotal role in property investment. Being located close to transport links such as motorways or public transportation hubs significantly enhances a property's appeal. Properties within commuter belts—those areas that offer convenient access to larger cities—tend to attract professionals who prefer to live in more affordable suburban areas while working in urban centres. Easy access to transportation networks ensures that residents can commute efficiently, adding to the desirability of the location.

Accommodation drivers are equally crucial in determining the attractiveness of a property. Work opportunities are a primary consideration for many potential buyers and renters. Areas that continually create employment, especially those near commercial hubs or healthcare facilities, tend to have a steady influx of residents. Additionally, educational institutions are a significant draw for families. Proximity to reputable schools and universities can greatly enhance the value of a property.

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Investors should also consider historically cheaper suburbs that are experiencing a rise in demand. These areas often start from a lower price and rental base, making them attractive to first-time home buyers and renters. As demand increases, property values in these suburbs can appreciate significantly, offering substantial capital gains over time. These suburbs also often see improvements in local amenities and infrastructure, further driving up property values.

In Auckland, these principles are particularly relevant. The city's ongoing population growth, driven by both local and international migration, creates a constant demand for housing. Employment opportunities continue to expand, especially in areas close to major infrastructure projects and business hubs. This makes Auckland a prime location for property investment, with its well-developed transport networks and commuter-friendly suburbs.

Understanding the fundamentals of property investment—capital gains, infrastructure, and accommodation drivers—is essential for making informed decisions. Population growth in areas with robust employment opportunities, proximity to major infrastructure, and strong transport links can drive both rental demand and capital appreciation. Historically cheaper suburbs that are gaining popularity among first-time buyers and renters present lucrative opportunities for investors. At DUVAL, we are committed to helping our clients navigate these factors to achieve their investment goals and build a successful property portfolio in Auckland.

Investing in Your First Home: A Strategic Move Towards Future Wealth

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As the CEO of Du Val Property Group, an Auckland-based property development firm, I've seen firsthand the transformative power of strategic property investment. One crucial piece of advice for first-time homebuyers is this: your first home won't be your last. Approaching your first property purchase as a future investment rather than an emotional milestone can set you on a path to long-term financial success.

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Think With Your Brain, Not Your Heart

 

It's easy to get swept away by the idea of a dream home – a place where you envision building memories and settling down. However, the reality is that your first home is more likely to be a stepping stone in your broader financial journey. When purchasing your first property, it's vital to think with your brain, not your heart. This mindset will help you make decisions based on potential returns and investment value rather than purely emotional considerations.

 

Key Areas for Investment Properties

 

One of the most critical factors in property investment is location. When scouting for your first home, look for areas with significant potential for future growth. In Auckland, several suburbs are poised for considerable appreciation due to ongoing development, infrastructure projects, and demographic trends. Key areas such as Mount Wellington, Mangere, and Te Atatu Peninsula offer promising opportunities for new investors. These locations are seeing increased interest due to their affordability relative to central Auckland, coupled with excellent transport links and planned urban improvements.

 

Future Growth and Development

 

When selecting your first property, consider the area's future growth potential. Is there new infrastructure planned? Are there upcoming commercial developments? Properties located near new transport links, schools, and business districts are likely to appreciate over time. For instance, the upgrade to Middlemore Hospital is set to enhance healthcare services and infrastructure in the area, making nearby suburbs attractive investment opportunities.

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It's Okay if It's Not Your Dream Home

 

It's essential to manage expectations – your first home might not be your dream home, and that's perfectly okay. What matters more is the property's potential to grow in value and eventually generate rental income. By focusing on these aspects, you can turn your first home into a lucrative asset that will help you climb the property ladder and achieve your dream home in the future.

 

The Financial Upside

 

Using your first home as an investment property can have significant financial benefits. As you build equity in your first property, you can leverage it to purchase subsequent homes, creating a robust property portfolio. Additionally, the rental income generated can contribute to mortgage repayments, easing financial pressures and accelerating wealth accumulation.

 

Conclusion

 

At Du Val Property Group, we believe that a strategic approach to your first home purchase can lay the foundation for long-term financial stability and growth. By buying with your brain rather than your heart, focusing on key investment areas, and understanding that your first home is a stepping stone rather than a final destination, you can turn your initial property purchase into a powerful investment tool.

Invest wisely, think long-term, and watch as your first home becomes the cornerstone of your property investment success.

 

Charlotte Clarke – CEO, Du Val Property Group

DVPG Delivers First Stage of Mountain Vista Estate Project in South Auckland - New Homes and Townhouses

Stage 1 Settlement Completed for DUVAL Mountain Vista Estate Development
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Despite a challenging property market, Du Val Property Group (DVPG) has successfully settled the first stage of their Mountain Vista Estate project, comprising 65 homes. This milestone marks significant progress in the development of the 181-home community, which offers a mix of one, two, and three-bedroom townhouses and apartments.

A CGI Image of DUVAL Mountain Vista Estate

Mountain Vista Estate is designed to foster a sense of community, featuring amenities such as a gym, community hall with kitchen facilities, personal carparks, and a landscaped ring road for easy access. Enhanced security measures include CCTV cameras, and an on-site Building Manager ensures the maintenance and care of communal facilities.

 

DVPG’s CEO, Charlotte Clarke, expressed her satisfaction with the project’s progress, stating, “I’m really pleased for our new homeowners. Approximately 70% of those who have purchased homes in the development are owner-occupiers, and we couldn’t be prouder to partner with them in realising their home-ownership aspirations.” Clarke highlighted that many of these homeowners are first-time buyers, and while these homes cater to owner-occupiers, they also represent a solid investment opportunity.

 

South Auckland’s need for new developments is critical, driven by a population increase of over 180,000 in the past two years, according to Statistics New Zealand. The area’s growth is fuelled by factors such as tertiary education, employment opportunities, and proximity to Auckland International Airport. Clarke emphasised DVPG’s commitment to addressing the accommodation crisis in New Zealand, stating, “We cannot expect to leave the solutions for this issue to the government – we all have a role to play in the private sector. Mountain Vista Estate is one way we are demonstrating our ability and commitment to deliver.”

 

DVPG has a robust track record, having built over 800 homes in Auckland over the past decade, with another 500 in the pipeline. The next stage of Mountain Vista Estate, comprising of 24 homes is set to be completed and settled in July 2024, with the remaining properties expected to be finished by the end of the year. Clarke remarked, “This is a significant project, and we have the very best in the business developing and building this community. The development is essentially a whole city block, and it’s come together masterfully. The 181-home development is almost sold out, with fewer than 22 townhouses left for sale. DVPG delivers, and we will deliver for you!”

 

Check out our YouTube page to see some great content of our sites completed and under construction here.

Current Development at DUVAL Mountain Vista Estate