Suburb spotlight: Te Atatu
Close to Auckland city, yet retaining a distinct village-like atmosphere and strong community vibe, Te Atatu is a popular choice for families, and offers strong capital gains.
Why choose Te Atatu?
Te Atatu Property Manager Katrina O'Connor says that the area is popular with young families, "who are seeking a community village atmosphere where they can know their neighbours names."
"Te Atatu has captured people's attention with its many parks, foreshore walks, sea and city views, good schools and cafes and its convenient location to motorways."
She said many professional were also relocating to the area.
"They’re looking for similar benefits to central city communities, who enjoy the advantages of getting more for their money in this previously under-appreciated area."
"Whilst property yields may not be as high as other areas, Te Atatu remains a popular investment property location due to the strong capital gains, and the families who are wanting to secure their own piece of paradise to call home."
*Source: Barfoot and Thompson average tenancies as at 1 September 2015 and Barfoot & Thompson average sales over the last six months to beginning September 2015 for three bedroom properties in Auckland. Yield calculated using average sale price and average rental per week.
Auckland comparison*
- Gross rental yield: Te Atatu 3.03% and Auckland 3.18%
- Average sale price (three bedroom): Te Atatu $802,969 and Auckland $814,963
- Average weekly rent (three bedroom): Te Atatu $468 and Auckland $498
About Te Atatu
Close to the city but still offering a village-like atmosphere and water on three sides, Te Atatu is a very popular choice for first home buyers and those moving from the city for a lifestyle change.
The Peninsula offers fabulous views, close proximity to the harbor and many walkways and reserves.
Te Atatu South has a strong reputation for solid family homes close to good shops, motorways and schools.