NZ's 6 Biggest Infrastructure Projects – What They Do To House Prices
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What is the overall test used to evaluate New Zealand’s biggest infrastructure projects?
Hello and welcome along to the Property Academy Podcast by Obus Partners. I'm your host, Stephen Knight. And I'm Mitch Nickel. And this is the show that helps Kiwis go from zero to five investment properties so you can be financially free and stick around for the next 15 minutes because you're gonna learn New Zealand's six biggest infrastructure projects, the new opportunities they create for property investors, and the cautionary tales of the projects that promise big new opportunities, but actually turn out into nothing. So here is the test on all six infrastructure projects we're going to look at today. Do these six biggest infrastructure projects in New Zealand open up new land? Do they create new opportunities for property investors?
Or does it just make a trap people already make a little bit less painful? Because that would mean two completely different things for an investor. One's going to create new suburbs, the other one's Just smooths out a commute. What's coming in at number six? So, number six is the Belfast.
To Pegasus extension. So this is a $1 billion four-lane motorway extension. Massive. A billion dollars. To build a road. To build a road. We're in the wrong gig. And so this goes from Christchurch up past Pegasus. And it matters because the Wymac is one of the fastest growing districts in the country. Is it third from memory?
I can't remember exactly the ranking, but it's up past the road. It's
in the top five, right? And the population's predicted to go from about seventy thousand people to over a hundred thousand by twenty fifty four. Now, when this was announced by the transport minister, he said that it would unlock land for housing in the Wymac district because of course it's easier to get to. So places like Rangyura, Kiapoy, Woody and Pegasus, Ravenswood, they're all kind of closer to Christchurch. From a commute standpoint. So if we uh apply the lens of does this open up more land?
Yeah, I think it does. And again, keep that test in your head because we're going to keep talking about it. But you also need to know that not every infrastructure project that gets announced actually gets built. But for this specific motorway extension going north of Christchurch, the physical work's already started, the diggers are on site, the consent's nearly done. That one's blind. Likely, very likely to actually happen. Now, coming in at number five, we've got the Eastern Busway. Now, this is a $1.3 billion project in Auckland. And this is really trying to replicate the success of the Northern Busway. Now, for anybody outside of Auckland, you probably don't know about this, but one of the only, in my mind, really good public transport projects.
projects has been this northern busway. So basically what happens is if you're driving up on the northern motorway, going from Auckland Central up to the North Shore, once you get over the bridge, the buses have this separate road that they go on and nobody else can. Which I've driven on Which I've driven on that by accident. No, you haven't.
How did you get on it? I just it it's so hard to navigate my way around Auckland.
No, it's not. You're just an idiot. Yeah, well anyway, it was a quick it was a quick drive back. Well, it would have been. What did it did you get a ticket for it?
I don't know.
Oh, you would have. You would have. They wouldn't let anybody get away with that. And it the amazing thing is, so many of my colleagues and friends who live on the North Shore rave about the Northern Busway because there is always buses going. If you miss one, there's another one in five to ten, fifteen minutes. Like they're always coming. It's really fast.
Does the Belfast‑to‑Pegasus motorway extension unlock new land for housing?
And so often what you see is people will do a parking ride. They drive To the bus stop, zoom into town, and it's much, much faster than driving themselves, especially during peak traffic. And so East Auckland is going to get something very, very similar, which is going to mean it's much faster for people in suburbs like Botany, Pakuranga, and Howick, all of those East Auckland equivalents to have a quick journey into the city.
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