Buying a House in Bulls
Bulls is a small town located North West of Palmerston North in the Rangitikei Region of Manawatu-Whanganui. With a small population of around 1,900, the town sits at the intersection of the road to Palmerston North and Whanganui and acts as a stop-off and service area, and a refreshment spot for the weary traveler.
Bulls property prices start at an average of $447,000 which is an increase of 34.57% over the past three years. This has led to an increase in residents renting a property instead of buying houses. House prices in Bulls are lower than the national average allowing just over half of its residents to own or partly own property.
In 2020, after adjusting for inflation, house prices in New Zealand rose by 18.1, and riding on this wave real estate in Bulls is expected to increase as well. Buying a house in Bulls is a great investment with house prices predicted to rise over the coming years with the growth of Airforce staff moving to Ohakea just along the road from Bulls.
History of Bulls, New Zealand
Located 40km South of Whanganui and 30km North West of Palmerston North, the town of Bulls started with a general store and hotel in 1858 and was established by an English settler called James Bull who owned the local hotel and store. At the time the area still had two recorded Maori toponyms going by O-hine-puhiawae and Te Ara Taumaihi.
Ngati Raukuwa marae was moved from the eastern bank to the western bank in 1897 after the Rangitikei river changed course. In the 1960s and 1970s, local Chris Amon was racing in Formula 1 participating as a driver. In modern times, the majority of Bull’s residents work at the nearby Ohakea air force base, and there are several shops selling antiques and collectibles.
Home ownership in Bulls
Property for sale in Bulls attracts a listing price rarely ever less than $400,000 these days with around 700 private dwellings with well over half the population owning or partly owning their homes. House prices in Bulls are expected to grow in the coming years with more residents preferring to own instead of being tenants. The right time to buy a house in Bulls, New Zealand is now.
Work and Income
Bulls residents receive a median income of $31,000 with nearly 11% earning over $70,000. Most residents work as technicians and trades workers making up for nearly 19% of the workforce followed closely by labourers. Bulls is mostly dominated by male workers.
Female residents dominate the community and personal service sector, clerical and administrative sector, and the sales sector with a small margin separating the two genders for managerial posts. Females have a lower personal income when compared to their male counterparts with a high percentage of men earning more than $50,000 while women were mostly earning between $25,000 and zero income, few managed to pocket more than $40,000.
Education in Bulls
The town has two co-educational state primary schools for students in years one to eight with the oldest school in Bulls having been established in 1867. The school was called Bulls Schools and has a roll of 170 as of March 2021 but there has been a new school Clifton School opened on the south end of the township and has a roll of 175. Only 6.9% of Bulls residents have a bachelor’s degree and level seven qualification with 23.7% of the population claiming to not qualify whatsoever. However, the number of residents without qualifications has dropped from above 30% in 2013. Most students are dropped off at school with smaller portions preferring to walk or take a school bus.
Ethnicity, culture, and identity
Nearly 80% of residents in Bulls are of European descent. At 54.1%, the residents of Bulls are not into religion. With Christianity being the desired religion with a 33% following. There is Maori religion, beliefs, and philosophies but they make up only 2% of the entire population, other religions such as Spiritualism, New Age, Islam, and Hinduism are also present in Bulls. Religion has fallen since 2006 when Christianity had a 52% following but has since been overtaken by secular beliefs. The town has also experienced a slight growth in other religions, beliefs, and philosophies.
Security in Bulls, New Zealand
When buying a house in Bulls or anywhere in the world, security is a critical factor to consider before making a purchase. Bulls is among the towns assessed as being low-threat locations in New Zealand. Crime is more prominent in larger urban areas like Wellington and Auckland. The use of weapons in crime remains a rare occurrence throughout the town of Bulls with the number of arrests for weapon-related crimes declining all across New Zealand.
The town of Bulls, New Zealand, remains an affordable township for those looking to purchase private property in the country. With a diverse ethnicity and a reasonable median personal income, Bulls is set to experience a growth in population and house prices in the coming years offering a great investment for those in the real estate sector.
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