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If you have been thinking about buying a holiday home in New Zealand, now may be the ideal time to start your property search. While many New Zealanders enjoy spending their own holiday in their bach, a holiday home also provides you with the incredible opportunity to generate a healthy amount of extra income.
If you have been thinking about buying a holiday home in New Zealand, now may be the ideal time to start your property search. While many New Zealanders enjoy spending their own holiday in their bach, a holiday home also provides you with the incredible opportunity to generate a healthy amount of extra income. In fact, three-bedroom holiday homes managed by Bachcare in 2020 generated up to $48,000 for their owners (hold out to the end of the article to view how much our owners earned in each area of New Zealand).
Getting to know the many beautiful holiday homes available throughout New Zealand is a wonderful starting point. However, it is helpful to narrow down the scope of your search to specific regions or even to specific cities. You understandably want to enjoy spending your holidays in your bach, so the location and the home itself should appeal to you. At the same time, the home’s location can directly impact its appeal to others. In turn, this affects how much money you could generate from running a holiday home. So, where is the best place to own a holiday home? These are a few beautiful areas of New Zealand that have been popular among travelers.
The Coromandel Peninsula sits in the north-central region of the North Island. The region is easily accessible because of its proximity to Auckland, and it offers natural landscapes and activities to please most travelers. The peninsula is 85 kilometers long, and it is home to hot springs, beaches, forests, sea caves and other natural wonders. The location is ideal for those who enjoy the outdoors. With so much to see and do on the Coromandel Peninsula, a holiday home here appeals to a wide range of travelers. Due to its popularity, the Coromandel has some of the highest rental earning potential. On average, owners can earn up to $30,156 per year for a 3 bedroom holiday home listed with Bachcare.
Lake Taupo sits in the heart of the North Island, and it is the largest lake in New Zealand. Uniquely, Lake Taupo is a freshwater lake that is situated in the Taupo Volcano’s caldera. Popular activities on the lake include fishing, parasailing, sailing, kayaking and more. However, this region offers more than just good times on the lake. This expansive area is also home to the Nga Awa Purua rapids, the Maori rock carvings, Huka Falls, and the Orakei Korako Geothermal Reserve Park. It is well-known for adventure activities like skydiving and bungy jumping. Owners with Bachcare can earn up to $27,642 per year for a 3 bedroom holiday home in Taupo.
Mt Ruapehu sits within Tongariro National Park and is the North Island’s only major ski resort. While this is a popular winter destination, Mt. Ruapehu offers plenty of other activities to enjoy and sights to explore throughout the year. Some of the more popular activities include hiking along the Tongariro Alpine Crossing, cycling on the Ohakune Old Coach Road, visiting the Bridge to Nowhere, touring the National Army Museum and taking a rail tour. Ruapehu holiday homeowners can enjoy earnings of up to $38,316 per year if listed with Bachcare.
The South Island is also home to several popular holiday destinations. Both Queenstown and Wanaka are resort towns that are located relatively close to each other on the southern part of the island. Because of their proximity, a holiday home in either of these locations offers a convenient starting point for travelers who want to enjoy all that the region offers. Top attractions in the region include Mount Aspiring National Park, Kiwi Birdlife Park, the Skyline Gondola, Mount Cook, Snow Farm, Treble Cone and others. In addition to kayaking, skiing, sailing and more, visitors also enjoy the many festivals that are held in this area throughout the year. Some of these include Wanaka Fest, the Festival of Colour and the Rippon Festival. Owners of baches in the Queenstown-Wanaka area can charge premium pricing year-round given its popularity in all seasons. Holiday homeowners with Bachcare can expect earnings of up to $35,380 per year.
The Canterbury region is located north of the Queenstown-Wanaka area, and it encompasses Christchurch, Lake Summer Forest Park and Nelson Lakes National Park. A bach in this area is ideal for exploring all that Christchurch offers. This includes the Willowbank Wildlife Reserve, the Canterbury Museum, the Christchurch Botanic Gardens and several other popular venues. The Canterbury region is expansive and also includes numerous natural areas and smaller towns. Attractions in these areas are the Waipara Wine Valley, the Hanmer Hot Springs, Akaroa, Kaikoura whale watching, the Tasman Glacier, Gore Bay, the Cathedral Cliffs and others. Canterbury owners with Bachcare typically see rental income of up to $25,085 per year.
These are the five most popular regions in New Zealand based on data from Bachcare. These regions have been popular among families, adult groups and couples because of the wide range of activities and attractions that they offer. Bachcare provides holiday home management services for more than 2,300 owners throughout 22 regions on the North Island and the South Island. Other popular booking areas to consider include Northland, Rotorua, Hawke’s Bay, Tauranga and Wellington-Wairarapa.
While purchasing a holiday home in an area that is already popular among travelers could be a good idea, another option is to look for a bach in one of the faster-growing booking areas. Some of these are Otago, Fiordland, Waikato, Far North.
The best place to own a holiday home in New Zealand is a place that you personally enjoy visiting and that has broad appeal to many other travelers. As you search for a home, consider that three-bedroom homes that are pet-friendly and that have wireless internet connectivity are among the most sought-after properties. Regardless of the holiday home that you choose to invest in, you can enjoy a hassle-free experience with property management by Bachcare.
*Based on average rental income earned by top performing three bedroom properties across New Zealand. 2018/19 data. Please contact us for an income assessment specific to your property.
