RMA changes help property investors

Wednesday 4 February 2009

Property investors adding a deck or some similar renovation to their property should have a much less difficult issue with resource consents.

By The Landlord


That at least is the promise in the government’s Resource Management reforms announced yesterday.

The main points in the announcement by Environment Minister Nick Smith relate to large projects, but Smith says owners of small properties who want to make changes will also be helped.”

“At the moment the council official has no power to say in effect ‘the effects of this change are minor so we won't go through the expense of a full resource consent process.’ This will change that.”

Examples he gave of unnecessary resource consent processes include someone adding a deck to a house or putting up a clothesline.

“And there are 5,000 resource consents a year just for people to trim a tree.”

The changes also include:

•    Removing the current presumption in favour of notification of resource consent applications and amending the criteria for when public notification is required on projects with more than minor effects on the wider environment.
•    Simplifying the reporting requirements for council decisions and removing the need for material to be repeated in subsequent hearings or reports.
•    Stop councils inserting “blanket” tree protection rules in urban areas.
•    Limit the ability for local authorities to ‘stop the processing clock’ during requests for further information from applicants.
•    Require all councils to pay discounts to applicants if consents are processed late.

Commenting is closed

Property News

The new face of the NZPIF

There’s been a changing of the guard fronting the NZ Property Investors Federation (NZPIF), with the current president taking over as executive officer from Andrew King.

House Prices

Regions lead the price growth pack

Provincial markets stole the asking price spotlight from the main centres in January, according to the latest Trade Me Property Price Index.

Commercial

Headwinds for the commercial market

Tightening credit conditions could impact on New Zealand’s booming commercial property market, according to the Property Council’s chief executive.

Mortgages

Heartland launches reverse mortgages for investors

Heartland has expanded its reverse mortgage business and will now lend against investment properties and second homes, as the product becomes more popular in New Zealand.

Site by PHP Developer