PHOTO: Taupo District Council – The council’s masterplan provides a suggestion of how the East Urban Lands could extend existing Taupō suburbs.
Housing supply needs to be managed carefully so values don’t plummet, a building company owner says.
Taupō District Council has a 180-hectare block of land for sale, which could add 2000 sections to the market.
While the growth would be good for Taupō, Penny Homes’ managing director John Penny says the council needs to be careful.
Developing the East Urban Lands block too soon could potentially put three-years worth of supply on the market at once, he said.
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