The Property Academy Podcast New Auckland Council Rules Are Killing Housing Supply | Ep. 1908
Dec 1, 2024
Auckland's housing crisis gets a deeper dive as new Watercare rules threaten to choke supply. Developers are left blindsided by restrictions on connecting to essential infrastructure, leading to potential financial turmoil. Growth areas are limited, pushing projects toward other cities. Current property owners might see price boosts amid dwindling local supply, while rising council costs could further strain new builds. The hosts also discuss strategic alternatives for investors and how this trend reflects broader national challenges.
AI Snips
Chapters
Transcript
Episode notes
Watercare Blocks New Connections
- Watercare is now refusing connections to existing sewage infrastructure in parts of Auckland for new developments without building consent.
- This can leave developers with resource consent unable to build because pipes can't accommodate growth.
Which Areas Are Impacted
- Large swathes of West Auckland, parts of the North Shore and much of East Auckland are effectively restricted by Watercare.
- Developers who targeted affordable growth areas like Beach Haven and Glen Eden are now stalled or displaced.
Developers Blindsided After Land Purchases
- Developers who bought land in affordable West Auckland now face projects that may not be buildable.
- One developer said he had to bin plans and joked 'see you in 2040' when invoiced for delays.