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Auckland boundary shift welcomed

A new development boundary for Auckland has been welcomed by the city’s property investors association but president David Whitburn says it doesn’t go far enough.

Wednesday, August 8th 2012, 12:00AM

by Susan Edmunds

The new boundary replaces the current metropolitan urban limits and will be introduced to ensure Auckland has 30 years’ supply of greenfield land for residential and business growth as targeted in the Auckland Plan.

The Auckland Plan Committee yesterday endorsed a programme to investigate key greenfield areas of Auckland and consult with stakeholders, local boards and communities before defining a rural urban boundary be incorporated in the Unitary Plan.

The boundary will define the maximum extent of urban development in 2040, enveloping all significant urban areas including the existing urban core, satellite towns, and rural and coastal towns.

It will potentially allow up to 40 per cent of new dwellings to be outside the current metropolitan urban limits.

“We’re looking at a 30-year timeframe and this work is vital to the success of the Auckland Plan in meeting the housing and business land needs of our rapidly growing city,” said Councillor Penny Hulse, deputy mayor and committee chair.

APIA president Whitburn said it was a good start. “My issue is development contributions and water charges.”

He said for new water meter connections, the certified hydraulics engineer and watercare infrastructure growth charge was more than  $7000, not excluding GST, in extra costs on a building consent.

“Next is development contributions. All these conspire to make the new average around $100,000 for a basic small section in Auckland before you start to build a house.”

He said the development contributions should be slashed and the Watercare infrastructure growth charge abolished.

“These would be a solid step in the right direction to progress Auckland's growth and return our city to being a friendly one for developers and investors to work in to help bridge the housing gap.”

Initial areas for investigation to provide additional capacity are:
South - Pukekohe, Drury South Karaka, Paerata
West - Whenuapai, Kumeu-Huapai
North - Warkworth, Silverdale West

« 'Trial by media' totally unfair: REINZFree Investment Property Showcase Events: Auckland, Wellington and Christchurch »

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AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 5.89 4.49 4.49 4.79
ANZ 5.69 5.09 5.09 5.39
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.49 4.49 4.79
ASB Bank 5.79 4.49 4.49 4.79
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.35 - - -
Avanti Finance - Specialised 7.55 - - -
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BNZ - Classic - 5.99 5.69 5.69
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std 5.84 4.49 4.49 4.79
BNZ - TotalMoney 5.94 - - -
CFML 321 Loans ▼3.95 - - -
CFML Home Loans ▼6.05 - - -
CFML Prime Loans ▼6.25 - - -
CFML Standard Loans ▼6.95 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Lender Flt 1yr 2yr 3yr
Co-operative Bank - First Home Special - 4.35 - -
Co-operative Bank - Owner Occ 4.99 4.45 4.49 4.79
Co-operative Bank - Standard 4.99 4.95 4.99 5.29
Credit Union Auckland 7.70 - - -
First Credit Union Special - 4.79 4.95 -
First Credit Union Standard 6.49 5.39 5.55 -
Heartland Bank - Online 5.30 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 7.45 5.90 5.80 -
ICBC 5.39 4.25 4.59 4.79
Kainga Ora 6.29 4.75 4.75 4.99
Lender Flt 1yr 2yr 3yr
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 5.65 5.39 5.39 5.65
Kiwibank - Offset 5.65 - - -
Kiwibank Special 6.15 4.49 4.49 4.85
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society ▼6.49 4.59 ▼4.59 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.09 5.09 5.39
SBS Bank Special - 4.49 4.49 4.79
Lender Flt 1yr 2yr 3yr
SBS Construction lending for FHB 3.74 - - -
SBS FirstHome Combo 3.29 4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.19 5.29 5.59
TSB Special 5.79 4.39 4.49 4.79
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Westpac Special - 4.49 4.45 4.75
Median 6.05 4.67 4.85 4.85

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