Subdivision to double town size

Thursday 12 February 2004

A 90-section development has been proposed that could double the size of Luggate.

By The Landlord

Work could start later this year on a 40-lot subdivision, followed at a later stage by a 50-lot development of larger sections.

Luggate, 13km southeast of Wanaka, has about 100 houses, a handful of tourist, hospitality, transport and milling industries and is surrounded by farms and vineyards.

The developer, Luggate Holdings Ltd, has begun consulting the community and appears to have secured some conditional sales contracts for sections.

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer