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Housebuyers leave Auckland for Pokeno

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  • Housebuyers leave Auckland for Pokeno

    Housebuyers leave Auckland for Pokeno

    NARELLE HENSON Last updated 05:00 02/04/2013



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    CHRIS HILLOCK/Fairfax NZ
    IN DEMAND: Kerry Dines, project director for a new housing and business development in the north end of Pokeno, which is showing good results.



    The tiny town of Pokeno is fast becoming the jewel of north Waikato as Aucklanders rush to buy cheap property just outside the city boundary.
    The town has seen an influx of buyers either capitalising on or being pushed out by high house prices on the other side of the Bombay Hills.
    Pokeno is famous for its bacon and big icecreams. Prices for a house and section in the town start at $100,000 below the median property price in Auckland.
    Hamiltonians looking to live closer to jobs in Auckland are also snapping up homes in the township.
    Pokeno Village Estate salesman Otto Veltman said of the 110 properties made available last year, 77 were already gone.
    "Last week I sold five properties, and I will sell another five this week if everything goes according to plan."
    "Sales have been very positive. Very good."
    He said around three-quarters of sales had been to Aucklanders. The rest had primarily been sold to people from Waikato and the Bay of Plenty. The first residents had started to move in and work was under way on expanding the number of sections ready for sale.
    Mr Veltman said 13 of the 25 sections to be opened up in the next phase of development had already been booked.
    Developer Kerry Dines has 1500 residential properties available in Pokeno, and said initial interest came from young couples or families looking to get into the housing market, but finding Auckland prices too high.
    More at
    http://www.stuff.co.nz/business/mone...and-for-Pokeno
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  • #2
    Len Brown would be turning in his grave (if he was dead). That doesn't follow the highrise compact city model at all!

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    • #3
      Is the whole Pukekohe / Karaka Lakes area / Pokeno area extremely wealthy? Sounds like it's rapidly becoming the lifestyle block / retirement village of Auckland.

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      • #4
        It may be the lifestyle block, but the king of retirement villages remains Orewa / Hibiscus Coast.

        I love living here and having elderly neighbours. They're such curtain-twitchers that security is a given. That and the fact I open my bedroom curtains loud & proud of a morning.

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        • #5
          Yashili gets OIO nod to build $212m Pokeno dairy processing plant

          http://www.nbr.co.nz/article/yashili...lant-bd-137952

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          • #6
            not many listings

            and look at the price!

            http://www.trademe.co.nz/Browse/Cate...ch_suggested=0

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            • #7
              Originally posted by JABlog View Post
              not many listings

              and look at the price!

              http://www.trademe.co.nz/Browse/Cate...ch_suggested=0
              It makes $750k for an inner city townhouse look cheap IMO.

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              • #8
                can we still get a $750K inner city townhouse in current market, maybe I have no luck

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                • #9
                  Originally posted by JABlog View Post
                  can we still get a $750K inner city townhouse in current market, maybe I have no luck
                  Just.....

                  http://www.trademe.co.nz/property/re...-925073800.htm

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                  • #10
                    Originally posted by TheLiberalLeft View Post
                    It may be the lifestyle block, but the king of retirement villages remains Orewa / Hibiscus Coast.
                    There is no comparison. Orewa and Hibiscus Coast (and some extend Silverdale) have amazing sea views and beaches. Pokeno is like a desert.
                    www.PropertyMinder.co.nz
                    # Property Management
                    # Ad Hoc Tenancy Services / Rental Inspections / Terminations and Notices

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                    • #11
                      Originally posted by BigDreamer View Post
                      Pokeno is like a desert.
                      Great icecreams though.
                      And then there is the bacon!

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