NZ Urban Development news from the media | 23 January 2024 |Annual number of homes consented down 24 percent

Annual number of homes consented down 24 percent

There were 38,209 new homes consented in the year ended November 2023, down 24 percent compared with the year ended November 2022, according to figures released by Stats NZ today.

“The annual number of new homes consented has continued to decrease from its peak of 51,015 in the year ended May 2022,” construction and property statistics manager Michael Heslop said.

https://www.stats.govt.nz/news/annual-number-of-homes-consented-down-24-percent/

Te Ara Tukutuku Vision supported by local board

Plans for the creation of a living green open space on the Waitematā harbour, including a park, access to Wynyard Wharf and new laneways and streets have been endorsed by Waitematā Local Board, laying the foundation for the next stage of development on Wynyard Point.

The board endorsed the vision for Te Ara Tukutuku project at its December meeting, allowing Eke Panuku, which has been working on the vision and framework phase with Mana Whenua and the project design collective Toi Waihanga, to continue this important mahi as the project moves into the concept design stage.

https://ourauckland.aucklandcouncil.govt.nz/news/2023/12/te-ara-tukutuku-vision-supported-by-local-board/

Independent Review into Kāinga Ora announced

The Government has announced an independent review into Kāinga Ora, fulfilling another of its first 100-day plan commitments.
Housing Minister Chris Bishop has today announced an independent review into Kāinga Ora’s financial situation, procurement, and asset management, with the review panel to be led by former Prime Minister Sir Bill English.

“Kāinga Ora is the country’s biggest landlord and its operations have a significant impact on the Crown’s books. The Crown Entity has total assets of $45 billion and annual expenditure of $2.5 billion,” Chris Bishop says.

https://www.beehive.govt.nz/release/independent-review-kāinga-ora-announced

1 Queen St: From crime scene to NZ's most expensive office space

Despite having faced its share of challenges, the newly refurbished building at 1 Queen Street has officially been handed over to two of the country’s highest powered tenants.
It’s also set to feature a luxury hotel and rooftop bar open to the public.

The 21-storey building is being marketed as Auckland’s “most prestigious address” by its developer, Precinct Properties, which specialises in premium city centre builds.

https://www.stuff.co.nz/business/350149471/1-queen-st-crime-scene-nzs-most-expensive-office-space

📰 Subscribe to this newsletter 📰

📒 Check out our complementary practice notes 📒

🏡🚀 Exciting News! Introducing priceHome app: Test Your Auckland Property Market Knowledge! 🚀🏡