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The Wairarapa economy has been growing steadily over the past five years, but since last year’s national level 4 lockdown is showing all the signs of having changed up a gear.

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The market is currently seeing strong demand for quality commercial properties, with industrial being the stand out.

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While a small number of businesses were lost over the lockdown, and, apart from Travel Agents who got knocked around pretty badly, most have come through.

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Businesses, residents, and community members are breathing a sigh of relief with Grant Robertson announcing this month that the four-lane, 24km Otaki to North of Levin Expressway will be going ahead.

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While residential investment might be getting harder, many people are finding new opportunity in the world of commercial property outside of the main centres.

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Residential property investors have been fielding a plethora of changes, particularly; with the extension of the bright-line test increasing to 10-years and the unexpected removal of mortgage interest deductibility.

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