Property

Kupe boom starts with shortfall in housing

South Taranaki will face huge problems coping with the projected influx of workers for the Kupe gas field project, real estate and rental housing agencies forecast.

Sunday, October 24th 2004

Hawera and other South Taranaki urban areas are already experiencing a critical housing shortage, with long waiting lists for rental accommodation, they say.

The shortage is so bad that even the Kupe project's boss, Origin Energy regulatory and environment manager Mark Rogers, cannot find a fully furnished house to rent, so instead is living in New Plymouth.

Investors from outside Taranaki are already busy buying up housing stock for use as rental accommodation, in anticipation of the start to the Kupe development.

Things look certain to be made even busier by this week's forecast requirement of up to 850 short-term workers – with up to 300 to be employed on site, about 10km from Hawera – for the Kupe development, due to begin in the middle of next year.

Read More - Opens in a new window
Unity First Home Buyer special 3.99
ICBC 4.25
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.35
TSB Special 4.39
Co-operative Bank - Owner Occ 4.45
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
Westpac Special 4.45
SBS Bank Special 4.49
BNZ - Std 4.49
Kiwibank Special 4.49
TSB Special 4.49
AIA - Go Home Loans 4.49
ANZ Special 4.49
ASB Bank 4.49
Co-operative Bank - Owner Occ 4.49
ICBC 4.59
Wairarapa Building Society 4.59
SBS Bank Special 4.99
Westpac Special 4.99
ICBC 4.99
BNZ - Std 4.99
AIA - Go Home Loans 5.15
ASB Bank 5.15
Co-operative Bank - Owner Occ 5.19
ANZ 5.39
TSB Special 5.39
Kiwibank Special 5.39
Kainga Ora 5.49
SBS FirstHome Combo 3.44
AIA - Back My Build 3.54
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.25
Co-operative Bank - Owner Occ 5.30
Co-operative Bank - Standard 5.30
ICBC 5.39
Heartland Bank - Online 5.45
Kiwibank - Offset 5.80
Kiwibank 5.80
ANZ 5.89

More Stories

Market recovery signals consistent with interest rate falls

Monday, November 03rd 2025

Market recovery signals consistent with interest rate falls

The early stages of a property recovery could have appeared in the past two months, Kelvin Davidson, Cotality chief property economist says.

Another swipe at property investors

Thursday, October 30th 2025

Another swipe at property investors

Labour’s capital gains tax of 28% on residential and commercial property won’t deter investors who invest for cashflow, Nick Gentle, iFind Property founder and buyer’s agent says.

Capital gains tax almost irrelevant – English

Monday, October 20th 2025

Capital gains tax almost irrelevant – English

Former Finance Minster Bill English says the days of guaranteed capital gains in the housing market are over,

Thursday, October 09th 2025

New rules for meth contaminated houses

REINZ welcomes regulation of methamphetamine contamination in rental housing.