Auckland Council survey shows development contributions and consenting delays as number one issue amongst brownfields developers.
Falling property values, rising interest costs, and rental vacancies create problems for proportionate ownership schemes.
UPDATE: Transaction confirms underlying value for publicly traded retirement village and aged care businesses, analyst says.
Council says it will retain the 999-year encumbrance and wants developer to foot the bill for $200,000 in clean-up costs.
Christ Church Cathedral Reinstatement Ltd chair Mark Stewart on the landmark restoration.
Though the average home build still comes in at about $3250sqm.
Time taken to get consents over the line through New Zealand’s 67 consenting authorities is seen as a major roadblock to building, and part of the reason for rampant build cost inflation.
From granny flats to import substitution, two ministers named Chris are in the advance guard of a Government bent on hammering out reform of the housing sector.
‘Six-pack’ of reform rules intended to free up land, extend to councils planning for at least 30 years of housing demand, up from three years.
Westwood Group paid about $70 million for the retail and hospitality hub in the trendy suburb.