NZ Urban Development news from the media | 15 March 2022 | 34 per cent increase in Auckland property values


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 15 March 2022.

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

34 per cent increase in Auckland property values

Auckland Council’s latest property valuations released today, 8 March 2022, show significant movements across the region, with an average value increase of 34 per cent.

The updated values reflect the likely price a property would have sold for as at 1 June 2021, and will be used to determine the share of rates for the next rating year starting 1 July 2022/2023.  

The local board with the largest increase in this revaluation is Aotea Great Barrier, showing a 59 per cent average increase.

The other local board areas with the largest movements are in Māngere-Ōtāhuhu, Henderson-Massey and Maungakiekie-Tāmaki, all of which have seen average increases between 41 and 49 per cent. These areas have all undergone intensification in recent years, and these movements demonstrate the impact of this.

Māori home ownership prioritised through Housing Foundation partnership in Mangere

Kāinga Ora are thrilled to partner with New Zealand Housing Foundation (Housing Foundation) to deliver affordable homes for Māori whānau in Mangere West. For over twenty years, New Zealand Housing Foundation has helped hundreds of families into home ownership.

An exciting new partnership between Kāinga Ora and Housing Foundation was finalised late last year which will see the delivery of around 70 affordable homes as part of the Mangere Development in Mangere West.

Mangere’s multi-phase development will mean more quality affordable homes built over the next 10-15 years with upgrades to local infrastructure and amenities.

Housing Foundation has committed to delivering at least 70% (a minimum of 50 homes) under their affordable housing model. They aim to ensure at least 30% of the affordable homes (a minimum 15 homes) will be sold to Māori whānau.

Major Taupō housing subdivision moves one step closer to approval

A proposal to convert a rural block of land in Taupō into a residential subdivision that could see the building of almost 800 new homes is one step closer to approval.

The Taupō District Council has voted to accept a recommendation to approve a private District Plan change to rezone 77.79ha of land in Nukuhau from a rural environment into a mix of general and medium density residential zones.

The land is located to the west of Acacia Bay Rd, near Lakewood Dr, and north of Poihipi Rd, where it joins Wairakei Dr.

Auckland Council monthly housing update, March 2022

March highlights:

  • 1202 dwellings were consented in January 2022.
  • In the year ending January 2022, 20,321 dwellings were consented in the region.
  • 30 per cent of new dwellings consented in January 2022 were houses, 11 per cent were apartments and 59 per cent were townhouses, flats, units, retirement village units, or other types of attached dwellings.
  • 79 dwellings were consented on Kāinga Ora or Tāmaki Regeneration Company owned land in January 2022.
  • 1151 of dwellings consented in January 2022 were inside the RUB. Over the past 12 months, 93 per cent of new dwellings consented were inside the RUB.
  • 28 per cent of dwellings consented were inside the 1500m walking catchments of the rapid transit network in January 2022.
  • 689 dwellings were ‘completed’ by having a Code Compliance Certificate (CCC) issued in January 2022.

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