Property

Super City changes enabled by Unitary Plan

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

Tuesday, July 16th 2019

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

No comments yet

Unity First Home Buyer special 3.99
ICBC 4.25
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.39
TSB Special 4.49
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
Kiwibank Special 4.49
TSB Special 4.49
ANZ Special 4.49
ASB Bank 4.49
Westpac Special 4.49
Wairarapa Building Society 4.59
ICBC 4.59
BNZ - Std 4.65
Unity Special 4.65
SBS Bank Special 4.65
AIA - Go Home Loans 4.65
Nelson Building Society 4.69
SBS Bank Special 4.99
Westpac Special 4.99
ICBC 4.99
ASB Bank 5.15
Co-operative Bank - Owner Occ 5.39
ANZ 5.39
AIA - Go Home Loans 5.39
TSB Special 5.39
BNZ - Std 5.39
Kainga Ora 5.49
SBS Bank 5.59
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.25
AIA - Back My Build 4.44
Co-operative Bank - Owner Occ 5.30
Co-operative Bank - Standard 5.30
ICBC 5.39
Heartland Bank - Online 5.45
ANZ 5.89
TSB Special 5.94
ASB Bank 5.99
Pepper Money Prime 5.99

More Stories

Capital gains tax almost irrelevant – English

Monday, October 20th 2025

Capital gains tax almost irrelevant – English

Former Finance Minster Bill English says the days of guaranteed capital gains in the housing market are over,

Thursday, October 09th 2025

New rules for meth contaminated houses

REINZ welcomes regulation of methamphetamine contamination in rental housing.

Spending confidence low and likely to fall further

Thursday, September 18th 2025

Spending confidence low and likely to fall further

More than 40% of households who took part in the latest Westpac McDermott Miller Consumer Confidence say their financial position has deteriorated over the past year.

Four decades of 6-7% yearly house price growth ending

Friday, March 21st 2025

Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.