Transport NZ has launched a new service for West Shore residents wanting to buy their first vehicle.
The new service is a free online service and allows residents to book a vehicle from Auckland.
“There are a lot of people who are looking to buy a vehicle here,” Transport NZ managing director Matt Whitehead said.
While West Shore’s population of 1.5 million has more than doubled in the past decade, there is still no shortage of vehicles to choose from.
Residents can choose from two vehicle types – a compact SUV and a luxury SUV.
Whitehead said West Shore was “in the middle of a real housing boom” with the average new home price in the Auckland suburb of East Kaitaia rising by $100,000 over the past year.
Auckland has been the most expensive market for new homes since 2008, with prices climbing by a staggering $10,000 per square metre.
However, with many residents opting for the more affordable options, many owners are opting to buy the SUV and SUV only option.
West Shore resident Justin Smith said the “new trend” of SUV owners buying only SUV was making the market more appealing.
Smith, who is also a paramedic, said he could “absolutely see” a few more people buying the SUV.
“It’s definitely a market that’s growing and getting more attractive.
It’s really good that it’s not going to be an expensive thing to buy,” he said.
The company will also offer a monthly payment plan to allow residents to save up to $5,000.
New Zealand has a population of more than 8.5m people, of whom about three million live in the capital Auckland, according to the latest census data.
Some of the largest new markets in Auckland include Auckland’s central business district, North Shore, the Whanganui Valley and South Shore.
But while Auckland has some of the highest household debt levels in the country, the country’s top cities are all experiencing a significant drop in property prices.
As of September, Auckland was on track to record its biggest house price fall since the financial crisis, falling from a peak of $3.2 million in September 2017 to $2.8 million in March 2018, according the Auckland Council.
Property values in Auckland are expected to drop by more than 50 per cent in 2019, from $8.6 billion to $7.1 billion.
More to come.