Growth in the Regions Evidenced in Sales of Rangitahi Sections

ASB chief economist Nick Tuffley recently said ,although prices had cooled in the main centres, they were still increasing in smaller areas as a result of a "ripple-through" effect.  When the bigger areas started to seem not to offer as much value, buyers moved their focus further afield, he said.

"There's a repricing coming through. One factor that is likely to be at play is that we've seen quite strong population pressure. There's a rising tide effect coming through. We are seeing price growth generally slow up and down the country but it happens in different stages in different parts of the country."

Infometrics forecaster Mieke Welvaert agreed price rises in bigger towns had started to rub off on smaller neighbours. "Even though house price growth in Hamilton and Tauranga has cooled, houses in these areas are not affordable for everyone.  As a result, people are going to look at commuting from places nearby where the house prices are still good value," she said. "We've also seen good job growth within areas such as South Waikato and Rotorua which has helped drive up demand for housing in these areas.”

Located on the west side of Raglan on the scenic Rangitahi Peninsula, the Rangitahi Project aims to provide land for those wanting to join this laid-back seaside community, and access to the development has required a new two-lane bridge with a shared cycle and walkway. Years ago people would buy a house to rent it out. Now more people want to buy and live in Raglan and commute to work. Some homes might be just for holiday-makers, some have already been secured by current Raglan residents, but some will be new residents looking at escaping the rat-race. 

Raglan tends to attract entrepreneurial people who find solutions, like Xtreme Zero Waste born out of a landfill closure. However, it’s a challenge for a small community to find a future that's sustainable for everyone, particularly for residents.

Rangitahi features native plantings, and homes will need to have the right look and feel for Raglan, big and small, different colours, diverse - just like the community, attracting a range of architecture that respects the natural surroundings. The people living at Rangitahi will be keen on the outdoor and enjoy being part of a creative community.

To find out more about Raglan properties for sale, Waikato real estate and coastal land for sale NZ  please go to https://rangitahi.co.nz .