NZ Urban Development news from the media | 9 April 2024 |Building products shakeup to lower prices


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 9 April 2024.

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

Building products shakeup to lower prices

The coalition Government is eliminating barriers to the use of overseas building products to make it easier and more affordable to build in New Zealand, Building and Construction Minister Chris Penk says.

“Our Government has a plan to rebuild the economy to help Kiwis get ahead, and part of that plan includes cutting red tape and building more housing and infrastructure.

“It has become more difficult and expensive to build in New Zealand, with the cost of building a house increasing by 41 per cent since 2019. It is around 50 per cent more expensive to build a stand-alone house here than in Australia.

Exciting new chapter for Wellington: Rolleston Street development completed

This significant development sees 54 old flats replaced with a mixture of one-bedroom, two-bedroom, and studio apartments in buildings ranging from two to five storeys. These homes are designed to provide more than just shelter - they offer a fresh start and a supportive community for residents.

Central to Te Ō is the Single Site Supported Housing model, the first of its kind in Wellington. This model ensures that residents not only have a place to call home but also have access to comprehensive support services right at their doorstep, provided by Wellington City Mission. From employment assistance and healthcare to budgeting advice and skill development workshops, the aim is to foster a supportive environment that enhances the well-being of every resident.

Project applications for Fast Track open today

Applications are now open for projects to be included in the Government’s legislation establishing a one-stop shop fast-track approvals regime, say RMA Reform Minister Chris Bishop and Regional Development Minister Shane Jones.

“Making it easier and faster to build significant projects is a key part of the Government’s plan to rebuild the economy and get it working for all Kiwis. It is only through a strong economy that we can solve the cost of living crisis, lift incomes and afford the public services Kiwis deserve,” Mr Bishop says.

“The Fast Track Approvals Bill will cut the red and green tape that is holding New Zealand back from building the important infrastructure and other significant projects New Zealand needs to grow the economy.”

The Fast Track Approvals Bill was referred to the Environment Committee on 7 March and does not currently contain any projects in either Schedule 2A or 2B of the Bill.

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