Auckland’s Development Contribution Controversy: What Developers Need to Know
🏗️ 📊 Auckland’s Development Contribution Controversy: What Developers Need to Know
Maria Slade from Businessdesk has just published an article on Auckland’s development contribution situation. Auckland Council is pushing for major DC increases to help fund their $8.9B infrastructure plans, but there are serious questions about how they’re calculating these costs.
The Awakeri Wetlands project (now over $100M!) is becoming a perfect example of the issues we’re facing with cost allocation. Winton’s Sunfield project is involved in this too (as a late entrant?). And many in in-fill Papakura have paid a high price for it when they should not have…. more after our legal review.
On the positive side, Minister Bishop is planning to replace the current DC system with a new levy approach. Should help councils recover costs better and create stronger incentives for building, with some actual oversight on methodology (finally!).
This is going to directly impact new home building viability.
The implementation details are still being worked out, so now’s the time to stay informed and make your voice heard during consultation.
Check out the full article for more details – definitely worth a read if you’re working on developments in Auckland right now.
https://businessdesk.co.nz/article/opinion/development-levy-system-music-to-the-ears
