Property

Crown land development parcels revealed

Four blocks of surplus Auckland Crown land that will be offered up to developers have been identified by the government.

Monday, June 01st 2015

The four sites, which amount to 30 hectares of land, are in Massey East, Manukau, Avondale and Hobsonville.

Building and Housing Minister Nick Smith said that, in total, the sites could potentially fit 600 homes – a portion of which would have to be priced as starter homes.

The most advanced site is the Massey East site, which is at the corner of Moire and Granville Roads and totals 9.5 hectares.

It is a Ministry of Education site, which was set aside for a new high school that was subsequently built elsewhere.

The government has authorised Smith’s Ministry to purchase it for housing purposes under the Housing Act 1955.

Smith said the site, which has capacity for about 200 homes, is close to the motorway, is located on major bus routes and has amenities like parks, schools and a major shopping centre.

“It already has access to water and waste infrastructure – meaning housing development will be able to proceed more quickly.”

Smith aims to have a development agreement signed for this first parcel of land before the end of October, earthworks started over summer and the first homes completed in late 2016.

The other three sites, which could potentially fit about 400 homes, are on NZTA-owned land and are currently being considered for purchase under the Housing Act.

The commercial viability of these sites relative to their zoning and infrastructure requirements will next be assessed.

Under the government’s new initiative, officials are investigating further Crown owned sites, which have been identified as surplus to requirements, to see if they are suitable for housing.

Around 500 hectares of land around Auckland have been identified, but Smith would not reveal the location of the other 470 hectares as infrastructure and zoning checks are still underway.

Smith said the government will take an approach similar to that which they have used in Christchurch, whereby they will partner with the private sector to deliver houses.

In Christchurch, part of the development agreement specified that a proportion – ranging from 20 to 38 percent – of the houses should be priced as starter homes.

They will be looking to include a similar condition in agreements made under this new initiative, with the proportion to be determined through negotiations on a case-by-case basis, Smith said.

“Our initiative is about boosting not just supply, but also ensuring more homes are built which are suitable for first home buyers.”

Comments

No comments yet

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ASB Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
Kiwibank Special 6.79
Co-operative Bank - Owner Occ 6.79
ANZ Special 6.79
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
Kainga Ora 6.99
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.