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Development contributions are proposed to increase in Auckland to frankly non-viable levels from a development perspective, especially for affordable or middle-end houses. The following graphic shows before and after the proposed costs.Auckland Council asserts that development fees have no impact on house prices, claiming that..
Read Article•Exorbitant development contributions proposed•Disconnect between Council and developers in Auckland•Red zones emerging for sewer and fresh water making sites non-developable•Abuse of monopolies by local government and utility providers•Concern this will spread across New Zealand to other councilsI have noticed many of our property developer clients..
Read ArticleProperty coach Steve Goodey, who is a friend and colleague of GRA, is holding a post-election property investment event in Auckland on Sunday 5 November that you might be interested in.I will be giving a tax update, and you’ll hear lots of inspiring case studies.Plus..
Read ArticleThe government have made changes to two areas of legislation that affect property investors: tax (interest deduction and bright-line), and the Resource Management Act. Tax ChangesIn October the government finally introduced legislation into parliament setting out the proposed interest deduction rules. Here is a summary..
Read ArticleIn a bid to seriously address the housing crisis, the Government has announced plans to change the Resource Management Act, reducing red tape and allowing for intensification of housing throughout the country. In my view this is a very positive move. Labour have the support of..
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