Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

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

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>

ALSO:


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>