House demand in Hamilton good for development

House demand in Hamilton good for development10 Apr 2017

While Hamilton has its big growth areas in the North East, Peacocke and Rotokauri, almost any residential property built between the 1920s and the 1970s is potentially open for redevelopment, says a local home building firm boss.

Yeoman Homes managing director Andrew Yeoman said the Rototuna and Flagstaff area was rapidly developing into a city in its own right - which would come closer to reality as the new Rototuna town centre was completed. Demand was such that a dozen properties his company recently released onto the market were snapped up within half a day, mostly by owner-occupiers.

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