NEWS RELEASE
Nearly Half of Morrinsville Subdivision Snapped Up Within Fortnight of Launch
The attractive rural town of Morrinsville in the hub of prosperous Waikato dairy farming country has seen the launch of
the first and largest subdivision of its kind quickly snapped up by a mixture of local buyers and others from nearby
Hamilton and Auckland. Stage I and Stage II of ‘Parkwood Subdivision’ including 12 sections bordering the golf course
were launched on 1 April with 27 sections sold in the first two weeks.
With sections ranging from 600sqm to 1,370sqm and prices ranging from $120,000 to $289,000, enquiries have come from
locals looking to enjoy the surrounds of an attractively landscaped subdivision, to mature buyers looking to settle in a
new area, and Aucklanders looking for an affordable lifestyle change as an alternative to more pricey areas
traditionally sought like Whangaparaoa.
Developers Transland Developments are behind the project and have plans for a total of 292 sections over a five year
period. Transland has a long history of high quality subdivisions including in Papamoa, Tauranga, Albany, Orewa,
Hamilton and Cambridge.
Harcourts Morrinsville Business Owner, Kevin Deane said, “Parkwood represents an opportunity that has been sorely
missing in Morrinsville’s real estate market with sections ranging from entry level prices to premier golf course
settings, something for all price brackets. Although we anticipated strong local interest out of town purchasers have
also contributed strongly to the sales already effected”.
Harcourts Morrinsville Sales Consultant, John Petry who is marketing the Parkwood Subdivision said, “It’s exciting to
see developers of such a high calibre investing in Morrinsville. As well as being on a very attractive site, Parkwood
Subdivision will include very good landscaping, a wetland reserve in the centre, native plantings, and landscaped
walkways.”
Mr Petry described Morrinsville as a very attractive rural town of around 6,000 with a range of good shopping, quality
schooling and recreational facilities, all within half an hour of Hamilton with excellent University and hospital
facilities. Auckland was also only and hour and a half away.
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