PHOTO: NATALIE POLLEY / STUFF Paerata Rise subdivision is located between Pukekohe and Karaka, southern Auckland.
The Franklin region has emerged as a steady performer in the Auckland real estate market, with Paerata Rise developers announcing that the first stages of the subdivision had been allocated.
The 300-hectare urban development, situated between Karaka and Pukekohe, is owned by the Wesley College Trust Board and Grafton Downs Limited.
It opened to the public on December 1, 2018 and the development of 4500 homes will be complete by 2021.
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