NZ Urban Development News - 4 Apr


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 4 April 2018.

It’s on! Council green lights America’s Cup location

The thrill and vibrancy of the America’s Cup is returning to Auckland’s waterfront in 2021 with the Auckland Council Governing Body giving its unanimous support to hosting the 36th America’s Cup.

Mayor Phil Goff said, “This is a time for Aucklanders to celebrate. We are a city that is capable of hosting world-class events and with the defence of the America’s Cup we will be the focus of the sporting world.

“We are going to make this the best America’s Cup ever. We are going to showcase our unique harbour and environment, of which we are very proud, and our city’s innovation and cutting edge technology.

Talks start on Warkworth’s future

Auckland Council is opening discussions with the Warkworth community on how land on the fringes of the town should be planned to accommodate homes and employment.

It is the first stage of developing a structure plan guiding the urbanisation of rural land in the Future Urban zone. A structure plan is a high level plan that shows future land use and infrastructure layout.

The completed structure plan will enable rezoning these areas for residential, industrial and open spaces. The structure plan will also help infrastructure providers to plan for future demand, making the land ready for development.

Location, size and quality

Research by Auckland Council's economists shows an Auckland property's value is influenced by size, school zone, amenity access and cladding just as much as location

  • Many things affect property values in more or less obvious ways.

  • Obvious examples are the premium paid for waterfront properties or for larger houses over smaller ones. Of greater interest, however, is how much these attributes contribute to a home’s value – while holding everything else equal.

  • Less obvious attributes include location in the “double grammar” zone, which adds about $130,000, and the “goldilocks” factor of location – being neither too close nor too far from certain other amenities.

  • Other factors, such as cladding associated with the leaky homes era, lead to a discount in price.
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