Christchurch is the economic hub of the South Island and is New Zealand’s second largest city. It is a place where its residents continue to enjoy a healthy, active lifestyle amidst a natural environment world-renowned for its beauty. With a robust economy Christchurch is the international gateway to the South Island.
With a population of around 300 000, Christchurch is arguably the most attractive city in New Zealand. With extensive inner city public and private gardens and parks, the shallow Avon river meandering though the city centre, and a pedestrian oriented downtown centred on Cathedral Square.
Christchurch was a planned settlement founded by the English upper class, and this history is still apparent, both in the city's style and architecture, and in features like punts on the Avon, and the very English Christ's College school.
Although median house prices have climbed dramatically over the past five years, property in Christchurch is still affordable and creates an easy entry into the property market for both New Zealand and overseas investors. The gross returns on investment properties are higher in Christchurch than most other Australasian cities, thus enabling a greater ability to service any debt.
There has been an increased demand for apartment or townhouse living over recent years. This has been caused by increasing restraints on living space in the city, and increasing consumer desirability for lower maintenance living by young professionals in attached housing.