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05-04-2013

Newland picks Pokeno for investors

Landlords.co.nz

Property investment guru Olly Newland has pointed to Pokeno as a possible boom area.

Prices in the Waikato town are significantly lower than Auckland and it has been reported that buyers are being tempted south.

About three quarters of the residential properties listed there last year had sold, mostly to Aucklanders.

At the same time, Chinese baby formula manufacturer and distributor Yashili is to build a $212 million processing plant in Pokeno.

It has three years to start building, although some consents are still pending.

Newland said: “This is certainly the place for budding investors to keep an eye on.”

Tags: olly newland

Source: Landlords.co.nz

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