NZ Government forecasts 35% population growth in the ‘Golden Triangle’17/10/19
The ‘Golden Triangle’ is situated in the North Island of New Zealand and reflects the triangle between Auckland, Hamilton, and Tauranga. This region makes up 50% of New Zealand’s population and generates most of New Zealand’s GDP, and the New Zealand Government forecasts 35% population growth over the next 25 years. Located right in the centre of the Golden Triangle is Lakeside, Te Kauwhata.
With the region’s population growing exponentially, along with affordability challenges in Auckland central and a clearly identified shortage of housing, there is increasing demand for quality stand-alone homes that are within the Golden Triangle and easily accessible from main highways and major employment centres. The southern corridor connecting Auckland to Hamilton is experiencing unprecedented growth because of this.
Te Kauwhata has grown faster than Auckland in more recent years. From 2001 to 2016, net population growth within Te Kauwhata was 39% above the wider Auckland regional average. Within the ‘Golden Triangle’ (excluding Auckland), net additional households over the period 2017- 2033 is forecast to equate to demand approximately 211,000 new dwellings (around 533,000 people), an average of 12,400 new homes per annum.
To support the growth in the region, the New Zealand Government has allocated $38 million to Te Kauwhata from the Housing Infrastructure Fund. The purpose of the New Zealand Government’s $1 billion fund is to advance infrastructure projects that are important to increasing housing supply. This allocation was achieved as a result of the Lakeside development being approved, and it will fast track upgrades to roads and the water and wastewater infrastructure servicing the town.
Lakeside is set to leverage the unprecedented growth that is being seen in the area with more than 1,600 quality homes planned within a meticulously thought out master-planned community.
Show homes are open every Thursday from 5 pm – 6 pm and, Friday, Saturday and Sunday 1 pm – 3 pm at 98 Scott Road, Te Kauwhata.
+64 21 404 206