Housing ‘halo’ effect shines a light on new hotspot – MSN

Housing ‘halo’ effect shines a light on new hotspot – MSN

The Far North town of Kaitaia is accustomed to being in the economic doldrums, but is now experiencing the unfamiliar phenomenon of growth, thanks to the ‘halo’ effect of the Auckland housing market.

While Kaitaia has been high on the deprivation index for some time, the ‘halo’ effect may at last be shining some light on the Far North, say locals.

Retailer Ian Walker said it started about 18 months ago, where he began seeing new arrivals regularly walking into his store to buy washing machines, cookers and dishwashers for their newly-bought homes.

By MSN

https://www.msn.com/en-nz/news/financenews/housing-halo-effect-shines-a-light-on-new-hotspot/ar-BBGF8e5?ocid=News