Property Investors: Otaki is In Growth Mode

A recent study from Elevate Otaki has highlighted some exceptional growth in Otaki.

To quote the study: “Ōtaki is in growth mode. In the year to March 2017, Ōtaki GDP was $28.3 million, up 4.5 percent from the previous year. New Zealand’s economy increased by 3.6 percent in the same period.”

The report highlights access to commercial property as a central factor for the growth. “Commercial property in Ōtaki is affordable and accessible. It caters for small family operations through to corporates with multiple employees”.

Obviously the new highway is also a driving force that’s highlighted as a factor behind this growth… No surprises there.

Many people made predictions about this growth based off the highway alone. However this is one of the first reports that shows the data validating all predictions. Which is a great indicator for those property investors and companies buying commercial building investments and land in the area.

The report also talks to some other reasons behind Otaki’s growth.

One of these that we have experienced, but often don’t speak about is just how ideal Otaki is for moving freight. There’s very fast access to Central New Zealand, but also fast access to Wellington and the ferry to distribute goods to the south island… Which makes perfect business sense if you’re constantly shipping things around.

The report also raises that the lifestyle, local council support, housing affordability, education options and ultra fast broadband – are also all contributing to growth.

These are very consistent with our findings, and we are super excited to see this growth compounding to make Otaki an even bigger business and lifestyle force.

But it’s good signs for those investors out there, and it’s still not too late to ride Otaki’s growth curve.

You can view the full Elevate Report here.