NZ Urban Development news from the media | 13 June 2023 | $159 million Build Ready Development pathway fund


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 13 June 2023.

Provided by Rockhopper Development Management & Property Advisory, a member of:                             

$159 million Build Ready Development pathway fund will prioritise applications from weather affected regions

The second round of applications for the Build Ready Development pathway are now open. Residential developers can check the criteria and priorities, and then apply through the Build Ready Development pathway on Ministry of Housing and Urban Development (HUD) website.

Matt Fraser, Head of Land Acquisition and Development says the Build Ready Development pathway will support developments that might not otherwise proceed, in regional areas of high unmet housing need. “This second round will prioritise applications from regional areas that have been impacted by recent weather events including Te Tai Tokerau, Hawke’s Bay, Tairāwahiti and Bay of Plenty.

“The Build Ready Development pathway provides developers who have eligible, build-ready developments in regional areas of high unmet housing need with two routes to Government support. This can be either by referring requests to sell ‘build-ready’ land to a suitable Government land acquisition programme or by the Government agreeing to prepurchase or underwrite homes off-the-plans, which provides support to unlock third party finance and keep the development moving,” says Matt Fraser.

Have your say on shaping Auckland’s future

Auckland Council is asking for feedback on how Tāmaki Makaurau/Auckland should grow over the next 30 years, with public consultation now open until 4 July 2023.

With half a million more people expected to live in the city by 2058, the draft Future Development Strategy is the council’s plan to make sure homes, jobs and infrastructure are built in the right places, at the right time, while also building our resilience to climate change and protecting our environment as we grow.

“The Future Development Strategy looks at the big issues around growth that affect our quality of life – things like where we choose to live and work, how we move around our city, our resilience to natural hazards and growing in a way that both reduces emissions and adapts to climate change, to benefit future generations,” says Chair of the Planning, Environment and Parks Committee, Councillor Richard Hills.

Auckland monthly housing update, June 2023

June highlights:

  • 1331 dwellings were consented in April 2023.
  • In the year ending April 2023, 20,029 dwellings were consented in the region.
  • 26 per cent of new dwellings consented in April 2023 were houses, 5 per cent were apartments and 69 per cent were townhouses, flats, units, retirement village units, or other types of attached dwellings.
  • 54 dwellings were consented on Kāinga Ora or Tāmaki Regeneration Company owned land in April 2023.
  • 1273 dwellings consented in April 2023 were inside the RUB. Over the past 12 months, 94 per cent of new dwellings consented were inside the RUB.
  • 23 per cent of dwellings consented were inside the 1500m walking catchments of the rapid transit network in April 2023.
  • 134 dwellings were within hazard zones in April 2023, accounting for 10 per cent of total dwellings consented. Over the past 12 months, 11 per cent of new dwellings were consented within a hazard zone.
  • 1189 dwellings were ‘completed’ by having a Code Compliance Certificate (CCC) issued in April 2023.

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