In this episode, we unpack the potential impact of Auckland's Future Development Strategy on house prices.
We discuss the council's preference for brownfields development (redevelopment of existing properties) over greenfields development (creating new suburbs from scratch).
While this intensification might drive up the value of land suitable for redevelopment, we caution that these documents often don't have a significant impact on property investors.
Instead, more impactful changes could come from actions like abolishing the Rural Urban Boundary. We also debunk the myth that rising building costs directly push up house prices.
Main Topics Discussed:
- Auckland's Future Development Strategy
- Impact on house prices
- Rural Urban Boundary
- Council policy
- Local government policy
The Property Academy Podcast