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Wharewaka Point Development Has Caught Public's Ey

News Release
For Immediate Release
November 28, 2005


Wharewaka Point Development Has Caught Public's Eye

A large number of people are waiting to snap up homes in Taupo's newest property development 'Wharewaka Point' according to a local real estate company.

Ross Turnbull, general manager of the Westerman Group, which includes Bayleys Real Estate and Westerman Property Solutions, says there is a high level of interest in the Wharewaka Point development located on the Eastern side of Lake Taupo, opposite the airport.

"The key feature of the Taupo market in the last five years has been the release of land and subsequent development of new subdivisions, but the one that's really caught the public's attention is Wharewaka Point."

Turnbull says his company began building a large database of people wanting information about the Wharewaka Point development before the sections went on the market.

"People are quick to see the benefits of Wharewaka Point – it is only five minutes to town, has fantastic views, there are reserves on both sides of the development and it is close to the airport, lake and boat ramp".

Turnbull states the beauty of the Taupo market is that in any given development, 50% are local buyers. Those purchasing from other regions tend to come from Auckland, Wellington and the Hawkes Bay.

"The subdivisions that have been constructed over the past five years have been very much locally driven in terms of sales.

"Many people are saying 'here's a chance to build a property we want' and are taking advantage of the new developments to upgrade their homes. Twenty years ago when many homes were built in Taupo, there wasn't the construction and design choices there are today. People want outdoor living with an indoor/outdoor flow – and now such a home can be built to designer standards within a reasonable budget."

Leading home and section package company Generation Developments, will construct its first Taupo project within Wharewaka Point.

The company aims to make the building experience easy for homebuyers by giving clients a guaranteed move-in date and fixed price contract.

Generation Developments' general Manager Kevin Atkinson advises many people wanting to build a new home are daunted by the task so we make it easier and take the pressure out of building.

"Building industry research shows around 90 percent of people who build their own homes wouldn't do it again – too stressful, too many cost overruns, too many quality issues, too many hold-ups. We found we could take the stress away by removing the frustrations and risks involved in building".

Generation's 'Aspect' project will be made up of 18 homes. Construction of the showhome begins in December and house and section packages are already selling off plan.

ENDS

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