Can­nons Creekhot spot?

Kapi-Mana News - - FRONT PAGE - VIR­GINIA FAL­LON

A Porirua sub­urb is be­ing touted as New Zealand’s num­ber one prop­erty hot spot - but not ev­ery­one is rolling out the red car­pet for new buy­ers.

Can­nons Creek topped Prop­erty In­vestor mag­a­zine’s list of lead­ing prop­erty growth spots for the past few months.

The loom­ing Trans­mis­sion Gully mo­tor­way and a short com­mute to Welling­ton City has Auck­land in­vestors eyeing up ‘The Creek’, as it’s known by lo­cals, but Porirua mayor Nick Leggett says they’re not welcome.

‘‘Trans­mis­sion Gully is adding greatly to prop­erty val­ues in the area but we don’t want to see homes go­ing to in­vestors.

‘‘It’s one of the few af­ford­able places left and we want houses go­ing to home buy­ers that will live in the com­mu­nity.’’

Hamish Tim­mins, of Lead­ers Real Es­tate, said his most re­cent house sale in Can­nons Creek had at­tracted in­vestor en­quiries from both Auck­land and Welling­ton.

‘‘’Mum and Dad’ in­vestors from Auck­land are look­ing at it as a good way to spend their money, it’s a good in­vest­ment.’’

Paula Mac Ewan has lived in Can­nons Creek for years and doesn’t want out-of-town in­vestors buy­ing up the houses.

‘‘I want an en­gaged com­mu­nity that in­vest in our roots and don’t just take ad­van­tage of cheap mort­gages.

‘‘What bet­ter place is there that’s far away enough from the city for the quiet but close enough for the fun?’’

Eastern Ward city coun­cil­lor Izzy Ford said it was fan­tas­tic New Zealand had fi­nally recog­nised the po­ten­tial of Porirua East.

‘‘It’s def­i­nitely the start of the Trans­mis­sion Gully ef­fect and can only, hope­fully be pos­i­tive for us.’’

The mag­a­zine mea­sured ar­eas’ 12-month growth and com­pared it with the three months be­tween March and May - then an­nu­alised that three-month fig­ure.

QV na­tional spokes­woman An­drea Rush said based on 11 sales in the past three months, prices in the sub­urb had risen 20% for the year end­ing July 1.

How­ever, real es­tate agent and may­oral can­di­date Euon Mur­rell said he be­lieved a few good sales might have skewed the fig­ures.

‘‘I don’t be­lieve we’re look­ing at the coun­try’s new hot spot. The out­side per­cep­tion is it’s not a nice place to live, but that’s not the re­al­ity.’’

Tara Higgs said she didn’t want in­vestors snap­ping up all the houses in Can­nons Creek.

‘‘How about giving the rest of us a chance.. . It’s bad enough most peo­ple are get­ting kicked out of houses, they need to fix the prob­lem that’s in their own back yard be­fore mak­ing it worse.’’

Mean­while Joyce Owen said it was good news.

‘‘New money, new fam­i­lies, a new school, new vol­un­teers for com­mu­nity events. What’s not to like?’’

VIR­GINIA FAL­LON

Paula Mac Ewan said Can­nons Creek is the heart of Porirua City and she wants peo­ple to live in the sub­urb and con­trib­ute to their com­mu­nity.

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