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


Halswell continues to expand

Media Release

Halswell continues to expand as a large swathe of development land goes on the market

Christchurch’s metropolitan urban limits continue to be stretched – with a substantial 20 hectare swathe of residential zoned land coming on the market for sale... encompassing plans for 208 new sections and homes.

The new development – currently named Copper Ridge – sits on the corner of Halswell Junction Road and Wigram Road south-west of the city, and is zoned Living G. The land is located very near the Southern Motorway allowing easy access to the city.

Some eight hectares of the land has already been consented for residential development – featuring 80 medium density homes on sections ranging in size from 510-755 square metres.

The land and consented development plans are being marketed for sale by Bayleys Canterbury. Salespeople Chris Jones and Steve Ellis said the development encompassed eight individual adjoining titles which had been combined into one large-scale subdivision plan.

“With planning consent already granted for phase one of the development, the first titles could be available for building during 2015, with the remainder of the land coming on stream over the ensuing 18 months.

“The Christchurch City boundaries continue to expand as new, well located parcels of land come to the market however, landholdings of this scale are becoming few and far between,” he said.

Mr Jones said it was hard to estimate the properties’ value.

“Individual developers have their own build-cost structures unique to their business, as well as their own operating margins. As those vary from one potential buyer to the next, it’s impossible to forecast on their behalf what a likely sale price will be for Copper Ridge,” he said.

“Also, any incoming developers know that they can sell the sections at present which gives them confidence to commit to a long-term strategy.”

Multiple buildings are currently on the land – including five homes and some significant commercial buildings. Mr Jones said the potential seven tenancies would provide a six-figure holding income while the remaining development consents were acquired.”

He said the continuing re-urbanisation of Christchurch following the ‘quake had changed that landscape forever - with Halswell literally booming.

“Other quality developments in the area are selling very well and with significant new infrastructure, including a new primary school, coming to the area Halswell is a highly desirable area to live,” he said.

Offers for the Halswell Junction site close on October 22.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Snail's Pace: Aucklanders Face Frustrating Commute Over Harbour Bridge

Journeys into Auckland's CBD took longer than usual as traffic banked up around the damaged Harbour Bridge. More>>


Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>


Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>


MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>


Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>


NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>


Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>


SAFE: Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea

Livestock carrier Gulf Livestock 1 sent a distress signal at 4:45am NZT yesterday in the East China Sea. The area is affected by Typhoon Maysak. At 4pm a patrol plane spotted a lifeboat - with no people in it - and a man in lifejacket nearby. The ship ... More>>


FMA: Kiwisaver Fees Don't Match Performance

The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles [i] used by KiwiSaver providers. The FMA commissioned MyFiduciary to test the extent that KiwiSaver providers were ... More>>