Major infrastructure and community developments can have a long-lasting impact on the housing market. In the space of a few years, they can transform local neighbourhoods into some of the best and most sought-after suburbs in Hamilton.
This blog explores six major projects that will change the face of the Hamilton real estate market and the suburbs set to benefit the most from these projects.
Expected to open in early 2022, the Ruakura Superhub Inland Port and neighbouring logistics centre is the first stage of a long-term plan to develop a precinct that will service freight and transport needs of the Golden Triangle (Hamilton, Auckland and Tauranga). Once fully developed (by 2060), the precinct will accommodate between 6,000 and 12,000 jobs.
Over the course of its development, it will contribute $5 billion to the economy every year. Meanwhile, its sheer size (at over 485 hectares) will increase Hamilton’s urban boundary by 8 per cent.
Surrounding suburbs, including Newstead, Fairview Downs, Enderley and Hillcrest, are likely to experience significant growth in the coming years.
2. Waikato Innovation Park expansion
The Waikato Innovation Park in Hamilton’s east is fast becoming a collaborative business hub. Currently, its five buildings house up to 60 businesses and 1600 staff and there’s another 11 buildings planned over the next 20 to 25 years. Early 2021 will see work start on a sixth building that will home another six businesses and provide conference and event spaces.
Hamilton’s Eastern suburbs including, Newstead, Fairview Downs, Enderley, Hillcrest and Silverdale, as well as more central suburbs including Claudelands, Peachgrove, and Hamilton East are likely to experience strong growth.
3. Hamilton Ring Road
This $84 million project is set to significantly ease traffic pressures in Hamilton’s eastern areas and provide a transport network through to the future Peacocke residential area.
The project is in its final stage, the Wairere Drive Extension, and is scheduled for completion in early 2022.
As part of the project, new facilities, public transport, as well as pedestrian and cycleways are being introduced. This will improve the accessibility and liveability of suburbs along the ring road, particularly Chedworth, Fairview Downs, Enderley and Hillcrest.
4. Peacocke Development Project
The $308.4 million Peacocke Development Project will see Hamilton’s south grow by 3,700 new houses in the next 10 years and 8,100 in the next 30. The development is expected to bring $6 billion in benefits over the next 30 years.
The Peacocke project will also benefit surrounding suburbs. Glenview, Bader, and Melville are likely to see growing demand for residential housing as the Peacocke’s construction creates new jobs in the region and workers are looking for homes located within convenient commuting distance.
Up in Hamilton’s north-west corridor, a new development is taking shape. Rotokauri is set to deliver up to 1800 (numbers vary) new homes over the next fifteen years. The first sections at Rotokauri Rise—slated to include 900 of these new residences—with the first 131 land and house and land packages already on sale in the first stage release of the project.
The Rotokauri development will also include an industrial area, a suburban retail centre, three new schools, three sports parks, and multiple parks and nature reserves.
If this project is greenlit, Hamilton’s central transport centre will see a major overhaul to improve its facilities to encourage more people to use public transport. Upgrades would include, improving accessibility, seating and weather protection along with providing secure storage for bikes and scooters.