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
Records continue to fall as housing markets around the country defy the traditional winter chill, new Trade Me Property data illustrates.
Property Council’s call for the assessing and upgrading buildings against earthquakes to be tax deductible is a no-brainer, says lobby group.
Leaving the OCR on hold today was the right decision, but there will be further cuts down the track, economists say.