Transmission Gully

PHOTO: DOMINION-POST Looking north from Kāpiti – some are reportedly buying as far away as Foxton to commute on to Wellington on Transmission Gully.

What we gain is also what we lose. Transmission Gully has been a dream for a century – running through the hills north of Wellington, it will connect the capital and the rest of the country. Unfortunately, the benefits of this dream road have never seemed so distant as when they are so close, with its opening date drifting into the future. In a week-long series, we examine what we lose while we wait: the financial, economic and personal impacts of delays to Wellington’s billion-dollar road.

If you build it then they will come – just don’t wait too long to get it finished.

 

 

People looking to play the real estate market to their advantage have been sideswiped as the delay to the Transmission Gully project and global pandemic complicate house sales for the Lower North Island.

Real Estate Institute of New Zealand chief executive Bindi Norwell said the housing market was currently in the throes of finding its “new normal”, post-lockdown.

READ MORE VIA STUFF

MOST POPULAR