News

Tuesday, June 09, 2015

Housing boom spreads south of the Bombay border

Skyrocketing house prices mean Aucklanders’ can no longer ignore happenings south of the Bombay Hills, as competitive house and land packages spark a population explosion ‘south of the border.’

Figures show that North Waikato has turned a predicted population drop into positive growth figures. Statistics New Zealand predicted a declining population based on 2006 census results. This has been reversed by a growing trend of Aucklanders buying affordably in the region.

Pokeno and Waiuku are experiencing huge growth. The Waikato District Council expects Pokeno to triple from a population of around 2000 to 6000 by the mid-2000s. Census results from 2013 show a 28 per cent population increase since 2001. The positive growth figures are a huge turnaround for Pokeno, which was hit hard when State Highway One bypassed it for a new route in the early 1990s, leaving a population of just 500. Waikato District councillor Jan Sedgwick said Aucklander’s attitudes to towns south of the Bombay Hills was noticeably changing. “As it has become financially unviable for many people to live in Auckland, they’ve started looking over the hill and discovered it’s actually very attractive,” she said.

Former Auckland resident Ann Hardman said it was very unlikely she and her husband would move again. “We can actually get to our daughter and grandchildren’s place in Titirangi faster from here than we could when we lived in Gulf Harbour. With the ever-improving roading systems we’ve also got great proximity to Hamilton where we have other children and grandchildren.”

Housing Minister Nick Smith recently said the government’s KiwiSaver HomeStart scheme, which came into effect on 1 April, would help 90,000 first-home buyers begin the process of home ownership.
“The next key measure is our planned second phase of the Resource Management Act reforms to tackle the long-term issues affecting housing affordability and supply.”

Summed up from a resident’s perspective, “It is a wonderful place to be living in. It's a great spot between Auckland and Hamilton, the Coromandel peninsula and Raglan, and has that real country community feel. It's a wonderful place for children to grow up in, and for those who want to improve their lifestyle and leave the stresses of Auckland behind,” she said.

Data from realestate.co.nz shows there was a 114 per cent jump in the number of Aucklander’s using the website to search for Waikato properties during the mid 2014-15 period.


ANOTHER QUALITY DEVELOPMENT BY DINES FULTON HOGAN