January 8, 2007

Media Release (For Immediate Release)

Waitakere the Place to Live, Work, and Invest

Latest figures showing an 8.78% (average) rise in property values in Waitakere City are yet another example of the region’s growing prosperity and climate of confidence, says Mayor Bob Harvey.

The Real Estate Institute’s annual figures saw Waitakere’s price increases outstripping metropolitan Auckland (6.59%), North Shore City (7.14%) and Manukau (8.15%). The suburbs of Henderson and Glen Eden are considered particularly “hot”.

The good news for Waitakere City property owners comes on the back of figures from Quotable Value New Zealand, released late last year. They show sharp increases in values across virtually all suburbs.

“Clearly, Waitakere is one of the most attractive places in the Auckland region in which to live and invest,” says Mayor Harvey.

“In the past 10 years we have placed a major emphasis on building quality civic amenities, such as libraries, the wonderful Trusts Stadium and parks, and we’ve invested for the future in basic infrastructure like roading and sewerage.”

“That expenditure is now paying dividends to our ratepayers,” he says.

Mayor Harvey also points to the undergrounding of the railway track through New Lynn and new growth areas in the North-West of the City around Westgate and Hobsonville as developments which will “transform” the region over the next 20 years.

ENDS

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