Apartments proposed for waterfront

Friday 1 February 2013

Apartments are still selling in Auckland city for less than half the price proposed for a new development at the waterfront.

The council is working on a housing blueprint for the area. A block of 2.76ha at Wynyard Quarter will be offered to developers for apartments and townhouses priced from $500,000 to more than $1 million.

The long-term plan is for Wynyard Quarter to have a resident population of 2500 to 4000 and a working population of 12,000 to 15,000.

At Ray White’s first apartment auction of the year, a 39 sq m two-bedroom apartment on Hobson Street sold for $190,000. Another  48 sq m apartment with two bedrooms and two bathrooms was passed in for $215,000.

A 38 sq m Queen St apartment sold for $231,000.

Comments from our readers

No comments yet

Sign In / Register to add your comment

House Prices

Top 20 Super City hotspots

Coastal suburbs dominate Barfoot & Thompson’s latest list of Auckland’s top 20 hot growth spots, indicating a shift away from the traditional inner-city favourites.

Commercial

Navigating shaky ground

Attention has been focused on the business risks seismic events can pose since last year’s Kaikoura earthquakes – and yet many people are still unclear about what they need to do.

Mortgages

What the RB governor said

Here is what Reserve Bank governor Graeme Wheeler had to say about interest rates today.

Site by PHP Developer