New Zealand Property Investors' Federation

The NZPIF is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.

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30-09-2013

Five months for plan submissions

Landlords.co.nz

Auckland’s unitary plan was notified today, giving five months for the public to make formal submissions.

The Property Council has already weighed in, saying it supports the council’s measures to simplify the plan and its processes.

But it is concerned about whether the plan realistically enables the level of commercial and residential intensification that Auckland needs to grow.

It said it did not think the previous draft of the plan had succeeded in zoning for industrial, office, retail, business and residential growth.

“Too many policies and provisions made development expensive and difficult. With land costs already exponentially high, margins for development are stretched making it extremely difficult for developers to obtain finance and to justify risk. As a result, every additional burden the Unitary Plan imposes in this area will stifle development, producing serious implications for progressing economic growth, job creation and housing affordability.”

Source: Landlords.co.nz

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