Gentrification – What Investors Need to Know | Ep. 193

In this episode, we discuss gentrification. Gentrification occurs when a suburb or town begins to become more trendy and upmarket because the type of people who live in that area changes. 

This is often the cause of long term social change, but also because of the fundamentals of the suburb or area. 

Take Auckland's Ponsonby. Decades ago the suburb was considered a place for blue-collar workers to live.

Because of the suburb's proximity to Central Auckland, higher-income workers began moving to the suburb. Shops got nicer and more trendy and people renovated their homes. 

This attracted more higher-income workers into the area and the process continues. 

We also discuss the areas we believe could be open for gentrification in the future both in Auckland and in Christchurch. 

We also mention the Property Investor Quiz. This 7-question quiz will give you a 'yes', 'no', or 'maybe' answer about whether you are in the position to invest in property.