Property

Obstructive community groups criticised

Community groups are standing in the way of intensification of residential development in many parts of Auckland, Property Council says.

Wednesday, July 02nd 2014

The organisation has criticised those it says are putting in jeopardy Auckland’s status as the country’s principal city.

It pointed to Statistics NZ’s prediction that Auckland will be home to two million people by 2031, accounting for 61% of the country’s population growth.

“The repercussions of failing to house this population adequately will have disastrous consequences with new communities having to be forced out into rural areas and possibly environmentally significant habitats.”

Property Council chief executive Connal Townsend said for Auckland to retain and increase its economic vibrancy, it must be able to attract skilled workers, entrepreneurs and offer desirable lifestyle choices.

“Pushing people out on to rural boundaries away from commercial centres in the name of avoiding high rises is not rational. With people, jobs and economic activity go as well, taking vibrancy and desirability.  The Auckland Proposed Unitary Plan (PAUP) must not be too onerous with its policies and provisions which result in making development an expensive and risky business.”

He said community groups needed to think more broadly than just about protecting their own interests.

Comments

No comments yet

Unity First Home Buyer special 6.55
SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
TSB Special 6.99
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
ASB Bank 7.14
ANZ Special 7.14
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.55
SBS Bank Special 6.69
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
ASB Bank 6.75
Unity 6.79
Co-operative Bank - Owner Occ 6.79
SBS Bank Special 6.19
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
SBS Bank 6.79
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

More Stories

Rate cuts needed to lift mood

Wednesday, April 17th 2024

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

Support for regulation

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.