How much will it cost to invest in Christchurch City?
Properties in Christchurch start at around the $539,000 mark for an entry-level townhouse.
Two-bedroom townhouses are typically priced between $539,000 and $600,000 (maybe $660k), depending on how nice they are, the location, and whether they have a garage.
These typically rent for $480-$550 a week.
Recently, Opes has stopped recommending properties in Christchurch that are over $750k.
This is because, once they start going above this price, you could invest in a property in Auckland, which in our modelling is expected to grow in value more quickly.
Our thinking is: If you’ve got the ability to spend $750,000 on a property you may be better off buying a standalone property in Rolleston, or a townhouse in Auckland.
Here are 3 real examples of properties that Opes is currently recommending in Christchurch (at the time of writing).