1 hour ago
More information regarding the Hamilton City Council's "Peacocke" subdivision proposal ...
"My reputation is your guarantee"
"Sue Hall recently acted for me with respect to the sale of one of my properties and she had also previously acted for me with the sale of another property. I must say that it has been a pleasure to deal with Sue. She is courteous, efficient, very direct and business like with her statements and communicates regularly. As a busy..."
- John"What I like about Sue is her professional behaviour, integrity, reliability and how she is totally straight up and honest. All traits that are of utmost importance when dealing with clients' biggest decisions in their lives – Buying and selling a home. I know Sue is fantastic at what she does - She has proven herself to me over and over...."
- 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.
Filed under Hamilton / Waikato \ Real Estate
Related posts
Auction clearance rates might be down, but you can still sell!
Across New Zealand, Auction clearance rates have taken a bit of a plunge recently. The downturn is part of the transition from a seller’s to buyer’s market, in large due...
Hamilton Real Estate Market: Five Market Factors Characterise Last Six Months
Lodge Real Estate’s managing director Jeremy O’Rourke says five distinct market factors will characterise the last half of 2017 in the Hamilton residential property scene. “We’re half way through 2017...
Economists Weigh in on the State of the Hamilton Property Market
What are the economists saying about Hamilton's real estate market? We’ve reviewed the commentaries from the Hamilton City Council, REINZ, CoreLogic, QV and www.interest.co.nz to create one neat bundle of digestible...
Government 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...
What Do Rising Interest Rates Mean for Hamilton's Property Market?
After years of record low interest rates, the talk of the property town has changed. Interest rates are set to rise, but by how much still remains to be seen. As...
