For immediate release
October 19, 2005
Housing Still Buoyant Despite Predictions
Despite economic predictions and political uncertainty, the market for new houses still appears to be buoyant in
Leading development company Generation Developments believes New Zealanders turn to professional building firms rather
than organise construction of their own homes, due to recent major changes to the building laws.
Generation Development's project development manager Michele Berry says the unprecedented level of interest shown in the
company's new Chesterfield showhome opening last weekend, confirmed this trend.
"There's a certain level of business activity and leads we expect to generate over a subdivision opening weekend," Berry
"This weekend however the number of sales, potential sales and quality leads was outstanding. Demand being such that a
third of our stage one release has sold "
Berry says another interesting feature of the weekend was the size of the home and land packages Generation Developments
are selling. The packages are oriented towards families with larger home and sections sizes.
"Offering the larger sized Chesterfield properties in Hamilton has also bucked recent trends. At a time when we are
moving towards smaller homes and sections, and are being told to 'tighten our belts' we've stepped out with bigger home
packages and had them sell very quickly.
"Across the three growth regions that we operate in New Zealanders property buying confidence is clearly outshining
economic forecasts," say Berry.