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 LandlordThe 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.
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The Government announced its long awaited tenancy law reforms today and they mean that landlords will no longer be able to get rid of tenants without reason.
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.
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.