Super City changes enabled by Unitary Plan

Tuesday 16 July 2019

Investors – take note: Auckland’s housing stock is changing with nearly two thirds of the new dwelling consents in May for apartments and townhouses.

By Miriam Bell

The Auckland Council’s latest monthly housing update shows that almost 90% of the new dwellings consented in the Super City in May were in urban areas.

Further, over the past 12 months, 94% of new dwellings consented were inside the rural urban boundary.

Alongside that, 62% of those new consents were for denser housing types such as apartments and townhouses – with 28% of those consents for apartments.

In contrast, just 35% of May’s consents were for standalone houses.

These figures highlight how the Auckland region is changing in response to the housing needs of the city’s fast-growing population.

And they also illustrate the impact of the much-maligned Unitary Plan in enabling that.

Auckland Council’s director of urban growth and housing, Penny Pirrit, says the latest consent figures reflect what is set out in Auckland’s long-term growth plan.

“The Auckland Plan, which looks 30-years ahead, states that most future growth will occur within the existing urban areas, with less sprawl into rural areas, so it’s pleasing to see the consenting data reflect this.”

The change in Auckland’s housing stock is becoming more pronounced, she says.

“This is being driven by increasing numbers of Aucklanders wanting to live close to work, near commuting options and in low-maintenance properties.”

A huge factor in this is the Unitary Plan which is enabling more homes to be built in areas where people want to live.

Pirrit says that by removing much of the density controls that prevented intensification in some parts of the city, the Unitary Plan has made it easier for new types of homes to be delivered for Aucklanders.

Auckland’s improving public transport networks are also influencing where new homes are built, with 29% of new dwellings consented within 1500 metres walking distance of a rapid transport network, she adds.

In total, 1,657 new dwellings were consented in the Auckland region in May 2019. In the year ending May 2019, 13,881 new dwellings were consented in the region.

The data in the Council’s housing update also indicates that investors have not given up on the Auckland market.

It shows that 40% of residential properties sold in Auckland were purchased by investors in May 2019. First home buyers bought 28% and movers 20%.

Read more: 

Affordable housing in Auckland now doable 

How to profit from the new plan

Comments from our readers

No comments yet

Sign In / Register to add your comment

House Prices

Pushing up the national average price

The main centres used to drive New Zealand’s market but it was strong provincial markets that contributed to the national average asking price’s rise in July.

Commercial

Join the office space revolution

Flexible working spaces are more than just a fleeting trend and the launch of a new co-working serviced office franchise programme will open up the market to investors.

Mortgages

OCR cut could prompt housing market upturn

The Reserve Bank’s decision to slash the Official Cash Rate (OCR) by 0.5% to a historic low of 1.0% has shocked the financial community, but what could it mean for the housing market?

Site by PHP Developer