With Auckland's multi-billion dollar investment in upgrading the city's infrastructures, the city's property values will be affected too. The allure of living closer to major infrastructures like the light rail stations is going to create upward pressure on property values the closer they are to them. On the contrary, we will see a reduced pressure on the roads with the improved convenience provided by the public networks.
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YIMBYs advocate for the results of these new housing projects going up in Aucklanders’ “backyards,” against what NIMBYs believe in. From their point of view, the New Zealand market, specifically Auckland, clearly wants density as well as a greater, more sophisticated choice in housing.
Read MoreRenowned architect Jaron Lubin who has experience designing for compact cities such as Singapore, is visiting New Zealand and has advocated that developers should be given incentives to create good amenity outcomes and that developers should work closely with policy maker for future proofing works in our cities.
Read MoreTo maintain the existing shortfall we needed to have built 1,000 new houses per month at a minimum, just to keep up with the current shortfall.The implications are going to be more demand for less supply. There is only one way prices can go in the long term. It’s Economics 101. And unfortunately unless we all take ownership and responsibility to solve the chronic shortfall, the situation will only get worse.
Read MoreUnder the Auckland Unitary Plan, Aucklanders affected by a leaky building can benefit from the Welcome Home Loan Scheme – a program designed to assist residents struggling to finance repairs on their leaky homes.
Read MoreAuckland apartment sale prices have risen substantially at 12% over the last 12 months. With the 12% increase in just the last year, $1,120,000 is now what an average apartment in the city of 1.5 million is going for
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