House prices hold up bypass

Friday 20 February 2004

"Exorbitant" New Plymouth house prices are causing headaches for Transit New Zealand and the residents whose homes will be bulldozed to make way for the Bell Block bypass.

By The Landlord

Tenders for the $12.5 million bypass and Mangaone Hill project go out at the end of the year.

But Transit is yet to buy three of the 16 houses opposite the New Plymouth Golf Course.

Deals for the other 13 have already been settled by Transit after the owners found other properties.

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.


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.


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