Housing demand 'driven by expressway'

Last updated 05:00 27/06/2014

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Housing development is booming on the Kapiti Coast - and the local council is linking it to the development of the expressway.

The number of building consents issued by Kapiti Coast District Council for new houses in the first six months of this year is up 25 per cent on last year, from 58 to 78.

The number of new land information memorandum (Lim) reports issued by the council has increased from 512 in 2011 to 618 in 2012, 736 in 2013 and 325 in the first five months of this year.

Resource consents and compliance manager Andrew Guerin said: "It is not just a straight consent numbers game, it is also consents which are big in themselves.

"We were not seeing these subdivisions in 2012," he said, referring to recent applications for new subdivisions of more than 80 lots in Paraparaumu central, two of more than 30 units in Waikanae, and a 55-lot subdivision in central Waikanae North.

The 25 per cent increase in home consents was significant and was linked, to some extent, he believed, with the development of the McKays to Peka Peka section of the Kapiti Expressway, which was now well under way.

"As well as a general uplift in the economy, there is certainty with the expressway going ahead; growing certainty of what it is going to look like.

"People are starting to get a picture of it. If it goes up the country, continuing to Otaki, providing one hour's travel to Wellington, that is where the next wave may occur."

Interest in rental properties on the coast had also surged since construction of the expressway started last December.

Quinovic Property Management Kapiti-Mana principal Bernard Parker said there had been a noticeable increase in demand for rental properties from people working on the expressway, who were also looking to buy in the area.

"A number of properties have been taken out of the residential pool to make way for the expressway," Parker said. "There is an increase in demand and a decrease in availability.

"The market is manageable but I expect the demand to increase next year.

"Not only will we have the expressway project continuing, there will also be people coming into the area for Transmission Gully and, after that, the Peka Peka to Otaki section of the expressway."

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- The Dominion Post


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