Now that you’ve identified a development site and you’re working through your initial feasibility, are you scratching your head on what the civil costs and implications might be?
It’s frustrating depending on who you speak to and no one seems to want to give you a straight answer and opinions vary wildly.
Read MoreAt the beginning of May, Council notified their intention to raise development contributions by around 30%.
What are Development Contributions?
They're the levy we pay for every additional dwelling we create to help fund infrastructure like roads and drainage.
Currently, this is around $21k and is projected to rise to $27k, and in some cases up to $70k per dwelling in greenfield (outer regions of Auckland) subdivisions.
Read MoreIt’s like being at the airport, waiting to catch your flight, you’ve done everything right and yet you get to check-in, through customs and you’re all ready and set to go. You’re on time and the announcer informs you that the flight’s going to be delayed…
Read MoreCannot believe we are here at the end of May in what has been a lightning quick year so far. I hope it’s been a productive and enjoyable one for you so far. :-)
Auckland Council votes today whether the RFT will come in to play. My money is that yes it will. Without any other alternative, many infrastructure projects will stall. I’m just a dumb developer and no economist, so I want someone to explain to me why infrastructure bonds can’t be explored further. They have worked and continue to work successfully in other countries. Rant over. And don't worry, I won't mention Kiwibuild.
Your site has development potential, it looks relatively easy to build on and the zoning favours you. So what do you actually build? What do you need to know to ensure that it doesn’t go horribly wrong?
We’ve got some of these things wrong in the past and it makes a big difference to do this research first or you’ll pay for it in the long run by either not getting the premium you deserve or things taking longer to sell than you’d like – which ultimately costs your project.
Read MoreThe Kiwibuild initiative took an official step forward this week on something that's been brewing for a while - they will buy (or underwrite) stock from the private development sector.
I wrote about this when first announced that Govt will most likely be leaning on private developers to do the heavy lifting to get anywhere close to Phil's 100,000 target in 10 years…
Read MoreEnvironment Court's decision to amend the Permitted Baseline from 2 to 3 for the Mixed Housing Suburban and Mixed Housing Urban zones has been made operative.
Read MoreThe new regional fuel excise/tax will be phased in over the next three years and Aucklanders will eventually face up to 23.5c per litre from this alone.
Our population is forecast to be two million by 2033 adding an extra 300,000 people in the job market. Employees in the city and fringe will double in that time. The CRL in construction now will help create efficiencies, yet most know that still more needs to be done.
Read MoreCouncil are proposing to raise development contributions by around 30%!!
Read MoreThe new regional fuel excise/tax will be phased in over the next 3 years and Aucklanders will eventually face up to 23.5c per litre from this alone.
Our population is forecast to be 2,000,000 by 2033 adding an extra 300,000 people in the job market. Employees in the city and fringe will double in that time. The City Rail Link in construction now will help create efficiencies, yet most know that still more needs to be done.
On 6 April 2018 the Environment Court gave its decision to enable the permitted baseline of dwellings in the Mixed Housing Suburban and Mixed Housing Urban zones from 2 to 3.
Whilst parties have until 7 May to appeal, its likely...
Honoured to be asked to contribute a regular article in Verve - Auckland’s premier lifestyle magazine…
Read MoreVERVE ARTICLE PRE-RELEASE - Auckland’s housing crisis. Nothing new here. The phrase has become meaningless. Flogged to death for political mileage and to get a reaction. I’m guilty of it here right now aren’t I?
Read MoreWhat’s the Auckland property market doing right now and why do I think investors should be excited about the phase we’re in?
It’s always a hot topic around any dinner table. Ears perk up… everyone wants to know how well they’re doing… “am I up or down”?
Read MoreThis is a rant. At the time of writing this, I’ve had an application for resource consent for one of my developments at Council for the last 4 months. We’re stuck on a variety of issues, some rather innocuous and some more controversial because of the nature of the area that I am developing in.
Read MoreAn important decision was reached at the Environment Court regarding the Alternative Height In Relation To Boundary appeal. This appeal was between Ryman (and others) vs Akl Council when the Unitary Plan became operative in 2016. Thankfully, the appeal has been decided in its favour.
Read MoreWith 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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Winston Peters' decision to form a coalition with Labour and the Greens, with Jacinda Ardern as the New Zealand 40th prime minister, has resulted in a number of policy announcements that have a direct bearing on the New Zealand housing market.
Read MoreYIMBYs 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.
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