When future urban zones set earlier in the West, the market was quick to react, causing massive land sales. All of which were before future plan confirmations.
Lots of land holders have moved on with good sales price. Traded themselves from assets rich position to cash holder’s new generation of wealth.
Though many over sea investors, brave locals, and bankers have been sadly locked into the dream of going further west.
We all can see the change of land products and land and home packages driven by governments future kiwi build scheme, we are all experienced watching the traditional full site 400sqm + as the minimum site to be subdivided.
developments in Hobsonville and Westgate, River head is not leading the way any longer.
Helensville subdivisions which are crawling forward with many local building companies like JV
Hobsonville is vacant little activity as it awaits.
Infrastructure shortage and discontinued plan
Only created west “Key“ election supporting area cash “wash” new generation of “wealth creation“. No deadline /strategical move now for next growth.
West centre, activity of 200 sqm “affordable“ homes development has been forced to the market. changed the whole western neighbourhood nature.
Full of tenants instead of a garden for young families, kids & pets to enjoy the location convenience.
The previous investors are finding it hard in the slowing market and this then provides an opportunity for those who waited to not only get the upper hand with conditions and bargaining powers, But also having all the facts before trading or investing.
Auckland’s urban history
https://www.metromag.co.nz/city-life/city-life-urban-design/an-urbanist-looks-at-what-went-wrong-in-auckland-and-how-we-might-fix-it