Sections find favour with local residents
A New Plymouth subdivision touted as perfect for Christchurch quake refugees is instead attracting interest from people within Taranaki.
Of the 19 sections sold in the 5.5 hectare development off Huatoki St, none have yet been bought by Christchurch residents, project manager Geoff Bland said.
“There certainly was a feeling that people were moving out of Canterbury,” Mr Bland, director of Bland Jackson surveyors, said.
“But that is not the case now.”
New Plymouth developers Fernbrook Ltd, which took over the project from Hawkswood Park Ltd in November 2011, said so far, most of sales in the 47-plot development had been through word of mouth and to local buyers.
Fernbrook said at this point it was only actively marketing two first-stage sections, but plots in the first two stages of development had been pre-sold up to 10 months ago.
In June last year, Bayleys Real Estate told the Taranaki Daily News the land was being marketed to those affected by the February 2011 quake.
Mr Bland said 13 of the 16 sections in stage one - which cost on average $175,000 - had pre-sold, with titles becoming available in early September.
Six of the 18 sections in stage two had also pre-sold with an average price of $180,000, with titles available by Christmas/New Year this year.
Stage three sections would be available early next year at a similar price.
There were also plans for about 40 further sections in the block, Mr Bland said.
“We'll wait and see what happens. We'll continue extending the [new] road according to the demand,” he said.
Justin Butler is a WITT Journalism Student
Taranaki Daily News