New houses & schools for Papakura
Tuesday 13 July 2004
The Housing and Education departments have combined to plan a new development on surplus defence land at Papakura
By The LandlordHousing New Zealand and the Education Ministry have bought 36 hectares of former defence land in Papakura for new housing and schooling.
The Ministry of Defence declared the land surplus in 1993.
The Education Ministry has bought 12 hectares and will develop a range of educational facilities including an early childhood centre.
Housing New Zealand's taken 24 hectares, enough for 300 to 400 new homes.
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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.
Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.