3-AD006.00 ENGAGEMENT OUTCOMES PROPOSED WAIHI NORTH PROJECT OceanaGold New Zealand Limited WSP April 2022 52 GROUP SUMMARY OF ENGAGEMENT- POSITIVE AND NEGATIVE EFFECTS IDENTIFIED • Rental properties are in very short supply, for example only one rental available in Paeroa at the end of October 2021. One agent had a waiting list of 320 people for rentals in Waihi Beach when generally the maximum available stock is 30. • The additional staff required by the mine will have an impact on the property market (sales and rentals) given the current housing shortage. • Already pressure on the residential market from Auckland and Tauranga partly from the COVID-19 effect and partly desire for less expensive real estate as more people work from home. • Aware of a range of development opportunities including 4050 new lot development in Waihi with home and land packages, large, staged subdivision with 300 lots around Waihi Beach. • Higher salaries offered by the mine compared to others in the area was viewed as positive for the community. • Two of the real estate agents considered the project really positive for the area including increasing community vibrancy. Eves Reality • In the past mining had a small impact of values with Waihi East being less favoured. Currently difficult to discern any difference in value. • Still some buyer concern about mining and people are still interested in what may happen in future but has not put off buyers. First National Real Estate • Development is easier in Hauraki District than Western Bay of Plenty. Hauraki District Plan now allows for subdivision of 1,000m2 sites which allows potential for infill. • Rumours of newmining projects temporarily stalls the market. Once information becomes available the market corrects. • Regional Director and Community Engagement Manager and Manager of Communication, Engagement and Partnerships for in the Bay of Plenty area (Kāinga Ora). Developers/Housing contractors and builders • Major shortage of sections particularly in Waihi. • High demand for houses and sections mainly single dwellings with 3-4 bedrooms both in Waihi and Waihi Beach. • Some development occurring in Smith Street. Proposed new development called Parry Palms. Considerable land available in Hauraki District and a Plan change to enable subdivision to 450m2 has been very helpful for infill.
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