Commentary
Poraiti comprises predominantly the new residential subdivision between Westminster Avenue and Prebensen Drive. The locality began its development in the mid to late 2000’s. The locality has seen consistent high demand and development is of a good modern standard.
Property values for new housing tends to reflect construction costs and has risen as a result over the past few years. The earlier developed parts of the subdivision, despite depreciation typical of new build dwellings, have maintained stable property values due to the subdivision becoming increasingly established and increased costs for new builds.
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