Roading, summer lift interest in Whitianga property

New transport infrastructure and a long-overdue Kiwi summer have reinvigorated interest in the Coromandel residential property market, according to one of the area’s leading commercial real estate salespeople.

Josh Smith of Bayleys Whitianga says the reopening of SH25A, combined with weeks of summer weather, have brought large numbers to the town since December and underpinned renewed interest in the locale’s viability.

“The amount of positivity which Whitianga’s business and commercial sector have experienced over recent months is in stark contrast to the sentiment in the early to middle stages of last year – particularly in light of Cyclone Gabrielle and its effect on the region,” Smith said.

Much of the Coromandel’s economic resurgence can be attributed to the Regional Events Fund which has been accessed by numerous community organisations promoting cultural and sporting events – and increasing tourism numbers. The fund is particularly conscious about supporting events which attract domestic visitors from outside Coromandel and Hauraki with an awareness of the Auckland, Bay of Plenty and Waikato regions.

Showcasing the potential for Whitianga’s urban expansion is the sale of sites in what will be one of the biggest new industrial hubs on the peninsula (pictured above). On the outskirts of Whitianga, the 15.9ha block is being subdivided into 42 lots ranging from 1000sq m to 9775sq m. The lots are marketed for sale by negotiation through Smith.

The current flat greenfield land at 142 Moewai Rd sits next to Whitianga’s existing urban limit, having a minimal impact on the closest residential dwellings some distance away.

Titles are expected to be issued in early 2025, giving purchasers ample time to apply for relevant council consents. A roading network through the middle of the block will be built during the intervening period.

“Industrial lots in Whitianga have always been in high demand due to their scarcity,” Smith says. “Early bird purchasers will benefit from having the pick of any of the lots, with the variety of sizes specifically designed to offer a wide variety of building options from small workshops and ‘tradie’ premises right up to larger manufacturing plants and small warehousing units. For purchasers looking for even bigger lots, there is the option to purchase neighbouring sites for a combined larger footprint.”