Suburb spotlight: Otahuhu
Still offering up affordable homes, Otahuhu is a popular choice with first home buyers, as well as investors looking for good value rental properties.
Why choose Otahuhu?
Otahuhu Property Manager Kim Bloom says Otahuhu is a colourful, multicultural community and a vibrant suburb to live in.
"The people here come from all different backgrounds and ethnicities. They like stability and don't tend to move around much," she says.
"The properties that Otahuhu has to offer range from old character bungalows and villas, to modern homes and waterfront properties."
"There are people who work in the CBD but live in Otahuhu, as it's more affordable. You can jump on the bus or train and 20 minutes later you're in the CBD - or go the other way and in 20 minutes you're at Auckland International Airport."
"We have a number of good primary and intermediate schools. There is also a brand new recreation/swimming pool complex, which has just opened this year. We're only a short distance from Sylvia Park, as well as being close to Middlemore Hospital and Kids First."
*Source: Barfoot and Thompson average tenancies as at 1 October 2015 and Barfoot & Thompson average sales over the last six months to beginning October 2015 for three bedroom properties in Auckland. Yield calculated using average sale price and average rental per week.
Auckland comparison*
- Gross rental yield: Otahuhu 3.5% and Auckland 3.15%
- Average sale price (three bedroom): Otahuhu $620,479 and Auckland $823,304
- Average weekly rent (three bedroom): Otahuhu $417 and Auckland $499
Did you know?
Otahuhu was home to New Zealand's first supermarket. The Foodtown 'all-convenience' store opened in Otahuhu in June 1958. It was 1,400 square metres and boasted 118 car-parking spaces.
About Otahuhu
Situated 13 kilometres southeast of Auckland city centre, Otahuhu sits on a narrow strip between part of Manukau Harbour and Tamaki River.
One of Auckland's oldest suburbs, Otahuhu has developed into an exciting and multicultural community. The cobblestoned main street offers some of the best ethnic eateries in Auckland and the market day every Thursday attracts people from across the city.
Otahuhu has a number of good primary and intermediate schools. Otahuhu College is also one of Auckland's oldest schools, and prestigious Kings College also has its home here. Otahuhu offers many parks and reserves, two golf clubs and a recreation and fitness centre.
