NZ in 2023: Where will be booming?

Auckland has beared the brunt of the migrant gain and therefore the housing crisis (file/Istock)
Auckland has beared the brunt of the migrant gain and therefore the housing crisis (file/Istock)

New Zealand is growing and fast. With population growth at 2.1 percent over the past year, we've reached our fastest rate of growth since the mid-1970s.

In the 12 months to October 2016, 126,100 migrants arrived in Aotearoa - a new annual record.

While 55,800 people left the country, that is still a net gain of 70,300 people. So where are they all going to live?

Auckland has borne the brunt of the migrant gain and therefore the housing crisis, but house prices in other parts of the country have also been skyrocketing.

This latest Infometrics report has highlighted the country's regional hotspots, predicting the largest growth areas from 2013 to 2023.

NZ in 2023: Where will be booming?

Many of the biggest growth areas are in and around Auckland as people are pushed further and further out of the Supercity.

Many areas in Auckland are set to grow by half:

However the standout suburb is Hobsonville which is set for a population growth of more than 250 percent. That's around 12,400 additional people.

Eight-thousand new homes have already been promised in the area, many of those within the Hobsonville Point Development.

More houses means more people and better transport options will make the area more accessible.

The Northwestern Motorway upgrade and Waterview Connection are set to open in 2017, which should speed up travel time into the city.

However not everyone will need to make the commute.

A substantial business park employing around 4000 people is planned in Hobsonville, and a planned marine industry precinct could employ 2000 people.

High house prices and the undersupply of housing in Auckland have led to a significant outflow of people to the outskirts of the city or to other regions.

The halo effect has pushed some people as far as Hamilton, with booming house prices forcing many out of the market and into more affordable areas.

North Hamilton is also set to grow over the next decade, with around 11,000 people moving to the area, a 70 percent increase.

The completion of the Hamilton section of the Waikato Expressway in 2020 will make Auckland more accessible, but the area could become a hotspot of its own.

Infometrics predicts a high number of young people moving to the area, which in turn should lead to business growth and development over the coming decade.

Wellington is also set to grow but not nearly as substantially, 25 percent growth is predicted. Students are set to provide many of those numbers.

Down in the South Island it is no surprise the population will grow considerably.

As the rebuild continues, people will move back into the CBD and the population is set to grow by 83 percent.

Many others are predicted to choose the more stable ground in southwest Christchurch. It is predicted another 123,000 people will move out west, an 85 percent jump.

Rolleston is already one of the fastest-growing towns in New Zealand, and while it will continue to grow, it will be joined by West Melton, Wigram, Prebbleton, Lincoln, and Halswell.

The shift of people is also supported by a shift in businesses as many set up in the industrial area, the council's Izone Southern BusinessHub has been increasingly popular.

However the high migration may not stick around. Statistics NZ's national population projections estimate annual net migration will drop to 60,000 in 2017 and continue to decrease by 9,000 annually to 15,000 in 2022 and beyond.