Island Of Oahu "the gathering Place"
Honu or Green Sea Turtle enjoying its sea weed lunch on 3 mile long Papailoa Beach, Haleiwa Oahu Hawaii
The island of Oahu is the third largest and most visited island in Hawaii. It is home to nearly
80% of Hawaii’s diverse population, history, and culture. Oahu is the most populous island with
the Honolulu as the Capital. Aptly named "The Gathering Place," Oahu is the hub of the Hawaiian
Islands, and Honolulu is the heartbeat of Oahu. One of the most ethnically diverse cities in
the United States, more than 75 percent of the state's multicultural population reside there.
Waikiki and Ala Moana Beaches, Oahu Hawaii
The economic and entertainment capital of Hawaii, Honolulu is a sophisticated metropolis with a
plethora of activities, attractions, and events; however, the city also enjoys a tropical atmosphere
and magnificent natural beauty. Much of Hawaii's culture is preserved in Honolulu, in its many
museums, churches, national memorials and monuments, and the Iolani Palace. Perhaps all of these are reasons why
70,000 travelers from around the world visit the island each day. Honolulu is a unique and strategically important city,
in which East meets West in business and trade. Honolulu is one of the top 10 real estate markets in the country for
international buyers.
Kaneohe Bay, Windward Oahu
Listed below are 4 reasons investing on the island of Oahu is financially sound.
1. The high rate of appreciation for your property’s value. Currently Oahu’s annual appreciate rate for single family homes and condominiums is above 6% per year, when you look at a span of the last 40 years. This means that if you were to purchase a property and hold onto it for 10 years your property value theoretically would have increased approximately 80% assuming a straight line average appreciation.
2. A high demand for property. From Paul Brewbaker of TZ Economics, "We are currently in a situation of having a perpetual housing shortage because Oahu is not able to build enough homes to keep up with the population increase. Add to this the desirability of Oahu for second home buyers and investors and you have a formula for impressive equity growth in the long run."
3. The stable pricing due to limited supply. Oahu enjoys a stable trend of pricing due to our high demand and limited supply. When you compare the historical median housing prices to those of the mainland US or even the neighboring islands, we had a smaller decline in prices during the Great Recession and were able to bounce back to our current market highs within 13 months.
4. The stable rental rates. The rental rates for Oahu tend to follow the trend in pricing. Given that prices have increased in the last 10 years, it is no surprise that Oahu’s rental rates have doubled in the last ten years. With a limited inventory of housing, it is easier for an investor to expect lower vacancy rates.
5. We have some of the best and most sought after beaches in the world on Oahu and all behind private homes, not hotels. In fact Conde Naste Magazine rates Kailua and Lanikai on Oahu as one of the top ten beaches of the world with over 3 miles of sand.
Waimanalo Beach, Windward Oahu.
Oahu Quick Facts:
• Capital City: Honolulu
• Population: 905,266
• Average Temperature: 75 ̊- 85 ̊ F
• Miles of Coast: 112
• Iolani Palace in Honolulu is the only royal palace in the U.S.
• Highest Point: Mt. Kaala (rising 4,020’ above sea level) is located near historical Haleiwa Town the second most visited and popular town on Oahu.
Hawaiian Canoe Sailing, Molokai in the background