Real Estate in New Plymouth, New Zealand
Last updated on Jul 07, 2023
Summary: People living in New Plymouth, New Zealand offer advice about real estate. How do you find a home in New Plymouth? Should you buy or rent? What is the cost of housing?
How do I find a place to live in New Plymouth?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in New Plymouth involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared house to a fully detached home. Next, you should start your search online. Websites like Trade Me Property, realestate.co.nz, and nz.open2view.com are popular platforms where landlords and real estate agents list properties for rent or sale. These websites allow you to filter your search based on location, price, number of bedrooms, and other features. You can also check local newspapers like the Taranaki Daily News, which often have a section dedicated to property listings. If you're interested in renting, you might want to consider hiring a property manager or real estate agent. They can help you find a suitable place, handle the paperwork, and liaise with the landlord on your behalf. Once you've found a few potential places, arrange for viewings. This will give you a chance to inspect the property, check its condition, and ask any questions you might have. If you're planning to buy a house, it's advisable to get a property inspection done to ensure there are no hidden issues. You should also hire a solicitor to handle the legal aspects of the purchase. Finally, once you've found a place you like, you can make an offer or apply to rent. If your offer or application is accepted, you'll need to sign a contract or lease agreement. Make sure you understand all the terms and conditions before signing. Remember, finding a place to live can take time, so start your search well in advance of when you plan to move," said one person in New Plymouth.
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What is a typical expat home or apartment like in New Plymouth?
"A typical expat home or apartment in New Plymouth, is often a modern, well-maintained property with a blend of contemporary and traditional design elements. These homes usually have spacious living areas, comfortable bedrooms, and fully equipped kitchens. Many of these properties also feature outdoor spaces such as gardens or patios, offering stunning views of the surrounding landscapes, including the ocean or Mount Taranaki. The homes are often located in safe, friendly neighborhoods, close to amenities like shops, restaurants, and schools. Some apartments might be part of larger complexes, offering additional facilities like a gym, swimming pool, or communal social areas. The interiors are typically bright and airy, with large windows to let in natural light and offer views of the beautiful New Zealand scenery. They are often furnished, but unfurnished options are also available for those who prefer to bring or choose their own furniture. In terms of style, many homes in New Plymouth have a laid-back, beachy vibe, reflecting the city's coastal location. However, there are also plenty of options for those who prefer a more urban, chic aesthetic. Overall, expat homes and apartments in New Plymouth are designed for comfortable, easy living, offering a welcoming and relaxing environment for expats to settle into their new life in New Zealand," explained one person living in New Plymouth, New Zealand.
What is the average cost of housing in New Plymouth?
If you are thinking about moving to New Plymouth, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in New Plymouth can vary greatly depending on the area and type of home. However, as of recent data, the median house price is typically around the mid to high six-figure mark in New Zealand dollars. It's important to note that these prices can fluctuate based on market conditions and other factors," explained one person living in New Plymouth, New Zealand.
Should I buy or rent a home in New Plymouth?
If you have not spent a lot of time in New Plymouth, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in New Plymouth, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in New Plymouth for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and provides stability. However, it also comes with additional costs such as maintenance, insurance, and property taxes. On the other hand, if you're not sure about your long-term plans or if you prefer not to have the responsibilities that come with homeownership, renting might be a better option. Renting offers more flexibility, as you can move more easily if your circumstances change. It also means you don't have to worry about property maintenance or unexpected repair costs, as these are typically covered by the landlord. It's also important to consider the housing market in New Plymouth. If property prices are high and continue to rise, buying a home could be a good investment. However, if prices are low or falling, it might be better to rent and wait to see if the market improves. In conclusion, whether you should buy or rent a home in New Plymouth depends on your personal situation and the current state of the housing market. It's a decision that requires careful consideration and, ideally, advice from a financial advisor or real estate professional," said one person in New Plymouth.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.