Landbank announcements in themselves are of limited value until resource consent is obtained, remember only one new village coming on stream over the next 6 months punters paying a lot at current prices for next 2 quarters results.
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Not to mention anyone with enough cash can buy property. Would be interesting to see the price tag. Still on balance a good announcement.
NG you had better contact the board and offer some advice on how they can obtain resource consent for that lovely Boulcott site :cool:
Do you think that getting a Resource consent for this latest site may be a challenge? It is a light commercial area with I think council owned land on one side, commercial properties on two sides and residential properties on one side. When Council are planning for higher density for most suburbs I am not sure who would object it. It seems another great site for a Retirement Village to me.
Sell half my holding at 4.20 as I think it has gone to far to fast...
Jumps to 4.25 Dammit