Bream Bay to reaching tipping point in next 5-10 years
Marsden Point and Ruakaka have been tipped to be an economic hotspot in the next 5-10 years according to a new report welcomed by Member of Parliament for Whangarei, Dr Shane Reti.
In a report released yesterday, economic analysts at Infometric identified the top four provincial areas for rapid growth in the next 5-10 years which included Marsden Point and Ruakaka in Whangarei, Central Otago and parts of New Plymouth and Palmerston North.
“Bream Bay is a growth area with real estate agents telling me that sales are high and land is in short supply. The overflow from Auckland and anticipation of the Road of National Significance shortening the travel time between Whangarei and Auckland are certainly contributing factors,” says Dr Reti.
The Infometric report noted the scope for a considerable amount of industrial activity to be sited in the Marsden Point area.
“As soon as a new configuration for Marsden City can be found I would expect industrial activity to pick up and I am aware of several interested parties,” says Dr Reti.
Report findings also expect Whangarei to record faster population growth over the medium-term with much of this growth likely to be concentrated in the Marsden Point and Ruakaka areas.
“Many people have viewed Whangarei and Bream Bay as the next Tauranga and Mount Maunganui and we are starting to reach that tipping point where this can be achieved,” says Dr Reti.