Tuesday, 25 May 2021, 6:03 am
24 May 2021
The Real Estate Institute of New
Zealand (REINZ) has today welcomed the announcement that
independent commissioners have approved the industrial and
housing development at Ohinewai which over the next 10 years
has plans for more than 1,100 homes for up to 3,000
residents and will create up to 2,600 new jobs.
Wendy
Alexander, Acting Chief Executive at REINZ says: “For a
number of years now, demand for residential property has
continued to outstrip supply and put upwards pressure on
house prices. This has made it extremely difficult for first
home buyers to get onto the market and has put further