Waiwera set to make a splash as hot property

Monday 29 November 2004

As if to prove property ain't dead yet, developers are about to turn the first sod on a $200 million-plus redevelopment of Waiwera's famous thermal pool complex as the nation's first international spa resort.

By The Landlord

The existing hot pools, motor camp and dumpy "hotel" - read "watering hole" - north of Auckland will be levelled to make way for a four-star hotel, a 3000sqm "wellness" spa, a conference centre and a range of investment accommodation.

The demolition of the old beachfront hotel will begin in two weeks, and Fletcher Construction will start work on 215 investment apartments and villas in the New Year.

Promotional fliers on the latest "investment opportunities" have started doing the rounds in glossy real estate publications around New Zealand and overseas.

Read More - Opens in a new window
Commenting is closed

Property News

Share your views on property investing

It's that time of the year where we run the NZ Property Investor's survey of investor. Take part and be in to win.

House Prices

Values pick up the pace

There’s a more upbeat feel to the property market and it’s obvious in this month’s QV data which has values firmly on the rise.


LVRs kept on hold

The Reserve Bank has kept its LVR speed limits on hold amid fears low interest rates "could lead to a resurgence in higher-risk lending".

Site by PHP Developer