Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 22 January 2018.
Government seeks North Shore build partner
Home builder partners keen to be involved in major government housing projects in Auckland are being sought for five superlots of land totalling 1.58ha in Northcote, on the North Shore.
Stage 1 of the government’s Northcote Development project, which commenced in September 2016, has focused on the construction of new state houses for Housing New Zealand. A total of 298 ageing dwellings are being replaced with around 400 new warm, dry, healthy homes.
In stage 2 of the project, HLC, a wholly-owned subsidiary of Housing New Zealand Corporation, has appointed Bayleys Real Estate to release the five superlots which range in size from 2572sq m to 3665sq m. Registrations of interest in purchasing and building on one or more of the lots are being sought, closing on February 16.
Tauranga out-ranks Auckland as NZ's most unaffordable city for housing
Tauranga is now New Zealand's most unaffordable city, out-ranking Auckland where residents can expect to fork out 8.8 times their annual household income to buy a home.
Demographia's 14th International Housing and Affordability Survey showed Auckland was slightly more affordable than it had been in previous years, moving from the world's fourth most unaffordable city to the ninth on a list of 92 major centres.
Latest Build in Multi-Million Dollar Tekapo Development
Construction has begun on a brand new youth hostel in the lakefront development site in Tekapo. The Youth Hostel Association (YHA New Zealand) broke ground in September, and is in full swing building a state-of-the-art, 120-bed backpacker accommodation facility. Construction is due for completion in late 2018.
The youth hostel will include a mix of multi-share rooms, private accommodation, family rooms, and ensuite facilities. The communal kitchen and lounge design features a large full-length window to highlight the lake views. A separate but adjoining licensed café will complement the hostel development, providing food and beverage options for guests and locals alike.