Boom times for Waitara house prices and construction

02 February 2018

Waitara is on a roll with house sales and construction booming; with no sign of slowing. 

“The value of construction consented has more than quadrupled over the last financial year, with a total exceeding $20 million when only about $5 million was expected, based on the trend from 2013 to 2016,” says NPDC Chief Operating Officer Kelvin Wright.

The work includes 82 new homes over the last two years, many of them in new developments on the eastern side of the river, near the new Clifton Park sports hub.

House prices in Waitara are rising faster than many other places in the district. The median house value was up 7 per cent in the year to December to $281,100, according to Quotable Value.  Median house values across the district were up 6 per cent, with rises of 4 per cent in New Plymouth city and 5 per cent in Bell Block.

Another potential draw could be the proposed extension of the Coastal Walkway from Bell Block, creating a walk and cycleway between Waitara and downtown New Plymouth, if it goes ahead.

“More people are recognising that Waitara is a great place to live and raise a family and it’s still very affordable.  That’s helping to drive construction, grow businesses and create jobs in the town,” says Mr Wright.

“The boom in Waitara also reflects the housing growth across New Plymouth District. The government has classified the district as a high growth area and our Draft District Plan includes zoning more residential land in Waitara, and residents are encouraged to have their say from 5 February to 16 March.”