NZ Urban Development news from the media | 2 Mar | Land, air and sea: regions to benefit from NZ Upgrade


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 3 March 2020.

Provided by Rockhopper Development Advisory

Land, air and sea: regions to benefit from NZ Upgrade

Regional New Zealand will be a hive of activity in the coming months as the New Zealand Upgrade Programme delivers on its promise to modernise our infrastructure, prepare for climate change and help grow our economy.

As part of the $12 billion NZ Upgrade Programme announced by the Government last month, $300 million was allocated for capital projects in regional New Zealand.

The first package of regional projects – worth about $190 million – has been announced by Regional Economic Development Minister Shane Jones at an infrastructure seminar.

Developer reveals plans for 131-lot Blenheim subdivision

A new subdivision in southeast Blenheim could have houses for sale by the end of the year, while a southwest vineyard rezoned residential might not be the silver bullet house-hunters had hoped for.

A 12-hectare property beside Vets on Alabama has been bought from the McGregors by Nikau Drive Ltd, which last week filed consent to subdivide it into 131 sections.

Nikau Drive director Phil Robinson said he had been interested in the block for a while as a natural extension of Nikau Dr off Redwood St, however the main entrance would be on Alabama Rd.

New high-density build will feature guaranteed long-term rentals

Long-term rentals and high-density living are a fact of life in most European cities, but they've never been a strong focus for New Zealand.

But that will change, and a new build-to-rent development in Sandringham, Auckland could be a model for the future.

The project, designed by Jasmax, puts sustainability and community at its heart – to the extent that the 12 apartments replacing a single 1920s bungalow on site will feature materials recycled from the old house.

New property fund aimed at small and younger investors with $1000 minimum investment

Small and young investors are the target of a new commercial property fund offering a minimum $1000 investment rather than the usual $10,000 minimum required of inexperienced investors.

This small an investment is uncommon in the commercial property world where typically syndicated property or shared property ownership schemes require a minimum of $10,000 and allow increases of $1000 at a time. They often attract older people with money accumulated over a working lifetime.

There are also shared property ownership schemes that only want wealthy, knowledgeable and experienced investors and often require a minimum of $50,00 to $100,000, while some even require $750,000 to $1 million.

The Government Housing Programme Dashboard

The Government housing programme dashboard is published by the Ministry of Housing and Urban Development, using publicly available information from various government agencies and partners. The January 2020 dashboard shows the latest facts on housing progress across the housing system.

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