Mangere – Is It a Good Place to Invest? | Ep. 60

In this episode, we discuss whether Mangere is a good suburb to invest in. Mangere is one of Auckland's lower socio-economic areas, and may not typically have been where most investors would have thought to buy a property. However, there are a lot of good reasons to invest in properties that are located within the suburb.  Over the last 18.5 years, Mangere properties have appreciated at a rate of 8.08%. This is well above the average appreciation rate of most houses in the Auckland property market, and certainly around the country.  On top of this, Mangere greatly benefits from the expansion that is currently underway at the Auckland International Airport (AIA). AIA is currently investing over $1 million per day to improve its infrastructure. This includes improving the shopping experience and building a new hotel. This means more jobs. Because Mangere is the gate-way to AIA, we would expect an increase in the number of people who would want to live in the suburb. This is a positive sign for both investors' ability to tenant their properties, and for their long term capital gain.