City within a city sells out first sections in six months

Paerata Rise developers Grafton Downs Ltd have today announced the first stages of the community have been allocated. All 87 sections in Stages 1a and 1b have been allocated within six months of their availability with an influx of interest in Stage 2, at least two months before further titles are released.

The development, 45-minutes south of Auckland, opened to the public in December of last year and is proving popular, with an estimated 1600 visitors each week. On Saturdays and Sundays alone, build partners are experiencing over 100 guests through show home doors on Jonah Lomu Drive.

“We’re pleased that Paerata Rise is sparking such a wonderful response from home buyers,” says Grafton Downs Ltd Executive Director Chris Johnston. “The progress made to date on the earthworks of Stage 2 is on track for titles to be released by August and we are working to ensure the process continues seamlessly given the demand for sections within the community.”

At 300-hectares, Paerata Rise is close to the size of Auckland’s CBD, and is New Zealand’s largest development with 4500 households planned. Paerata Rise will also boast 5-hectares of neighbourhood reserves, schools, a retail precinct and a transport hub, including a railway station, so it’s unsurprising the first sections have been snapped up so quickly.

Peter Thompson, Barfoot & Thompson Managing Director, says that Franklin and wider-Pukekohe areas have emerged as steady performers in the Auckland real estate market over recent years, boosted by the popularity of developments like Paerata Rise.

“Already this year we are seeing a slight lift in the average sale price in the area in contrast to an easing in prices around many parts of Auckland,” says Peter, “With pricing well under the Auckland-wide average, this is a promising indication of value for money for buyers considering the area.”

Trends are also indicating it’s not just the opportunity to purchase a house and land package in an easily commutable distance to Auckland’s CBD that’s drawing home buyers to Paerata Rise, but the lifestyle that is on offer there.

“Paerata Rise was developed to be a boutique community, with homes designed and placed to maximise the natural landscape,” says Chris.

“The design of the community, which combines the latest in contemporary architecture with liveable space and streetscapes is appreciated and therefore proving to be incredibly desirable to our future residents.”

“Paerata Rise is an exciting and extremely unique proposition for today’s house hunters,” agrees Peter, “It is an option which provides a community where families can enjoy the freedom and lifestyle of modern rural living with all the urban amenities.”

The public can find out more and register their interest at www.paeratarise.co.nz or on the Facebook page.

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