Over the last 18.5 years, properties in Māngere have appreciated at a remarkable rate of 8.08% annually.
This growth significantly surpasses the average appreciation rate for houses in the Auckland property market and across New Zealand.
Adding to its appeal, Māngere is greatly benefiting from the ongoing expansion of Auckland International Airport, where over $1 million is being invested daily in infrastructure upgrades.
These improvements include enhancing the shopping experience and constructing a new hotel, creating more jobs and boosting the local economy.
As Māngere serves as the gateway to Auckland Airport, these developments are expected to increase the area's population and attract more people to live in the suburb.
Furthermore, Māngere’s proximity to Auckland City and Middlemore Hospital adds to its desirability. This is excellent news for investors, as it enhances the ease of tenanting properties while also promising strong long-term capital gains.
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