Kapiti Roading Projects – What Will They Mean for You?

Kapiti Roadworks

Posted 5 years ago by Admin

With a variety of major roading and infrastructure projects happening around the Kapiti region, it is set to be an exciting time for Kapiti.

Kapiti Coast District Council (KCDC) says, “Kāpiti is set for growth and economic success. Our close proximity to Wellington will be significantly enhanced by the building of the Mackays to Peka Peka Expressway, Transmission Gully and the Peka Peka to Otaki Expressway.”

The New Zealand Transport Agency (NZTA), predict that Transmission Gully is set to be finished by 2020, and The MacKays to Peka Peka Expressway is looking to be finished as early as Christmas 2016, earlier than what they had initially scheduled.

With these significant roading projects finishing soon – let’s look at what this could mean for you…

Will this affect house prices in Kapiti?
It has already had an effect, the latest Quarterly Economic Monitor released on 25th August, showed that house prices in the Kapiti District have increased 12% compared with the year before. But as we get closer to Transmission Gully being complete, they will increase even further as Wellingtonians get pushed further away from the CBD and seek a warmer climate with less wind!

More Buyers to Kapiti

Top three predictions with the new roads:
There is no doubt that the new infrastructure around Kapiti will bring more buyers here. It will also be easier for Kapiti residents to move around the district, for example, getting from Waikanae to Raumati.

Top three predictions with the new roads:
1. More families and professional couples will move here.
2. Investors will continue to invest here as it will be cheaper than central Wellington.
3. Creation of more jobs and infrastructure growth.

With the KCDC saying the roads will “make Kāpiti a more desirable place to live and bolster our economy through population growth, visitor attraction and business development”, it is a good time to be in Kapiti. If you are looking to invest or buy, make sure you consult with a mortgage advisor for valuable financial advice.

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