NZ Urban Development news from the media | 15 June 2021 | Go-ahead for University of Otago's $178m Christchurch building


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 15 June 2021.

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

Go-ahead for University of Otago's $178m Christchurch building

Groundworks for University of Otago's new $178 million Christchurch building are due to start next month after the project secured both funding approval and resource consent.

The six-storey building will be built in the city’s health precinct as part of the university’s Christchurch campus.

The Oxford Tce site, between Montreal and Antigua streets, housed the Tillman furniture building before the earthquakes.

University acting vice-chancellor Helen Nicholson said it would be the biggest construction project ever undertaken by the university.

Design of the interest limitation rule and additional bright-line rules

The Government has launched a public consultation on designing new rules to limit interest deductibility for residential property investors.

The goal of the changes is to support more sustainable house prices, including by dampening investor demand for existing housing stock, and to improve affordability for first-home buyers.  The changes to interest deductibility and the extension of the bright-line test were announced in March as part of the Government Housing Package.

Property development and new build properties will be exempt from the changes, to ensure that much-needed new housing supply continues to be built.

Ryman agrees to rework large retirement village design after neighbour backlash

Plans for a $240 million retirement complex in central Christchurch will be redrawn after commissioners decided it would be too dominant for the neighbourhood.

Ryman Healthcare plans to build the complex, on two blocks on Park Tce opposite Hagley Park. It would be the retirement village operator’s biggest investment yet in Christchurch.

After neighbours told the city council’s resource consent hearing they feared the complex would cost them sun and privacy, the independent commissioners have pushed the pause button.

The plan includes six buildings up to seven storeys high, covering 1.7 hectares between Peterborough and Dorset streets. They would not be lower than apartment buildings on the land demolished after the earthquakes, but in some places breach setback and recession plane rules.

Auckland Council monthly housing update, June 2021

June highlights:
  • 1623 dwellings were consented in April 2021.
  • In the year ending April 2021, 18,223 dwellings were consented in the region.
  • 34 per cent of new dwellings consented in April 2021 were houses, 23 per cent were apartments and 43 per cent were townhouses, flats, units, retirement village units, or other types of attached dwellings.
  • 136 dwellings were consented on Kāinga Ora or Tāmaki Regeneration Company owned land in April 2021.
  • 1520 dwellings consented in April 2021 were inside the RUB. Over the past 12 months, 94 per cent of new dwellings consented were inside the RUB.

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