Team New Zealand’s win good news for Auckland’s economy and property

New Zealand once again wins the America’s Cup.

That’s good news for Auckland and good news for New Zealand.

No doubt¬†Auckland city’s waterfront will be vibrant when Auckland stages the next America’s Cup in four years time.

Auckland and New Zealand will get a boost from an increase in tourism expected over the next few years as people once again associate Auckland with the City of Sails.

This will have a flow-on effect to increase jobs in the tourism and construction sector in Auckland.

NAturally, a strong economy also reinforces house prices.

The biggest win however will be to those who own the commercial property surrounding Wynyard Quarter and Viaduct. Hotels and accommodation providers will see a strong surge in business similar to 2011.

 

 

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