"My reputation is your guarantee"
" The best team in Waikato! We were so fortunate to have found Sue and Donna when we moved to Hamilton. They helped us find the right house in the right neighborhood for the right price. Throughout the past several months, Sue and Donna have been there every step of the way. They always answered every call or email no matter..."
- Y Sawaie & M Thainat"If anyone is looking for an excellent no nonsense Real Estate Agent, then look no further than Sue Hall - She’s the one! Her knowledge of the Real Estate industry is invaluable. Sue always goes that extra mile, willing to meet with you any time of the day or night. Sue sold me my first home in 2010 and since then..."
- Vikki SeamanGovernment Funding to Ease Hamilton's Pressured Housing Market
Lodge Real Estate's Managing Director Jeremy O’Rourke welcomed the Government’s announcement Tuesday morning that Hamilton City will receive a $272 million loan as part of the Government’s Housing Infrastructure Fund.
“This is great news for Hamilton City residents as it means they can build new homes inside the city boundaries, close to where they work and close to schools, amenities, shops and urban recreational areas, which we know is often important to families,” said Mr O’Rourke.
At the press conference on Tuesday, Prime Minister Bill English said that Hamilton would be one of nine areas to get money as part of a $1 billion funding pool.
The money would be used to help turn farmland in two areas of the city – Peacocke and Rotokauri – Into developed land, ready for 3,700 homes to be built over the next decade and 8,100 in the next 30 years. The proposal would include a new bridge over the Waikato River, roading and the installation of water mains, stormwater and wastewater pipe networks.
Mr O’Rourke said the funds and subsequent housing development, was much needed for Hamilton City.
“There are currently very few sections available within Hamilton City boundaries for people to build new homes,” said Mr O’Rourke. “That’s led to some major developments cropping up outside the city boundaries within recent years in areas such as Ngaruawahia.”
Mr O’Rourke believed the proposed developments would enhance the City, ease pressures on the housing market and attract more families to live in Hamilton – Leading to growth.
“We suspect as these sections come onto the market and home construction gets underway, this activity will help to ease the upward pressure on section prices across the city,” said Mr O’Rourke. “This will help keep Hamilton an affordable, modern city in which to raise a family.”
For more information on the Government's announcement, click here.
Related posts
How is the Real Estate Market looking following Covid-19?
Though it is always difficult to have a crystal ball when it comes to predicting the real estate market, there are several historical factors we can look at when evaluating the market moving forward. A number of comments in this blog have come from trusted sources and experiences of those who have had lengthy careers in the Real Estate industry, including working through the previous Global Financial Crisis.
Covid-19 and Your Property - What You Need to Know
For answers to the frequently asked questions regarding Covid-19 and Real Estate, please visit this informative article from Lodge Real Estate.
It was with extreme disappointment and heavy hearts that the organisers of Balloons Over Waikato announced that all public events, including morning inflation and the Nightglow have been cancelled. "As per the Government recommendations in regards to mass gatherings, Balloons over Waikato have made the decision to cancel public attendance at Innes Common for morning flying, The University of Waikato for Nightglow, and all other sub events associated with the Festival."
Ruakura Inland Port Set To Open In Two Years
An inland port the size of Auckland's CBD in Hamilton is one step closer with Tainui Group Holdings and Port of Tauranga joining forces to open at Ruakura within two years.
The 6th of February every year is Waitangi Day. This day is the most important marker in New Zealand’s history and commemorates the first signing of Te Ririti o Waitangi, The Treaty of Waitangi. Waitangi Day is a day to reflect on the controversy that surrounds the Treaty of Waitangi – Throughout history and within today’s society, how this has affected all New Zealanders and how it has shaped the country in which we live today.
