Commentary
Maraenui is characterised by standard New Zealand bungalows and state housing developments. The suburb is conveniently located within relatively easy proximity of the Napier central business district and within close proximity of a range of public schooling.
The basic nature of the residential housing means that the suburb occupies the low price range for Napier. Market values in Maraenui experienced considerable growth during the previous property boom, then softened with the downturn however the market is currently preforming well with strong value growth being experienced. With the lower base value and the strengthening market, we are seeing median properties prices grow radically in value. Many buyers in Maraenui are investors, in additional to buyers being priced out of other areas and first home buyers.
Added Valuation, welcomes the opportunity to value your Maraenui property.
