Newmarket's out of city control, say businesses

Wednesday 7 January 2004

Auckland City Council does not have the regulatory tools to control urban and apartment development in Newmarket, says its business association.

By The Landlord

Newmarket Business Association manager Robin Winter says the council is "behind the eight-ball and the pace of developers is faster than the council processes".

After consultation with the business and residential community, the council has drafted a document to guide development in the rapidly growing suburb, called the Newmarket's Future Framework.

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer