Not sure what your point is. The restrictive planning rules to do with height, scale, view shafts don't contribute to the astronomical prices and limited supply?The high price of apartments in NZ has far more to do with labour constraints than anything. Look at Pacifica and the high rises being built in Melbourne, they are as expensive if not more so than many of the smaller apartment buildings being built.
^^...which pushes the land values up and they get passed around to new 'developers' every couple of years who keep flicking them off. Nothing happens.
Not sure what your point is. The restrictive planning rules to do with height, scale, view shafts don't contribute to the astronomical prices and limited supply?
As for Melbourne, it's cheaper on the whole compared to Auckland. I'd imagine if they were having an identity crisis (trying to make Docklands etc into some Barcelona/trendy European city replica) real estate would be even more expensive.
Nah.Then don't put restrictions on height on a significant chunk of the downtown area. Supply is constrained because of gimmicky 5 storey buildings which results in extortionate prices.
Motu Economic and public policy research report into "impacts of planning rules, regulations, uncertainty and delay on residential property development":The prevailing approach to urban planning in New Zealand reduces housing affordability in our faster growing cities. The widespread planning preference for increasing residential density, while at the same time imposing restrictions such as minimum lot size and height restrictions, and limiting greenfield development, places upward pressure on house prices across the board.
Council imposed rules and regulations result in a significant loss in potential development capacity. The median loss in capacity was 22% (for developments that proceeded). For apartment buildings, the loss of capacity was primarily due to height restrictions or issues relating to view shafts. In other developments, the loss in capacity related to issues associated with urban design requirements, retention of heritage building and protected trees, and the need to provide on-site infrastructure over and above what was required to service the development.
Almost 90% of surveyed developers have been affected by delays or uncertainties related to regulation. Regulations that have had major effects on the actual building costs of apartments include: building height limits, balcony requirements, conforming to Council’s desired mix of apartment typologies and minimum floor to ceiling heights.
For affordable apartments, building height limits and balcony requirements can each have cost impacts of over $30,000 per apartment;
In terms of affordable apartments, assuming the total internal floor area remains the same and no deck is built, the impact on total cost typically ranges between $65,000 to $110,000. The majority of the cost relates to height limits on the building
This report is from 2015. Costs would have certainly increased in the past 2 years.The proposed unitary plan has introduced a range of height limits across the urban area, some of which reduce the development capacity of suburban and central city sites (as a result of new viewshaft requirements). The impact of height limits varies significantly across different sites. On the sample of 30 developments included in our analysis the impact under the existing planning rules and regulations ranged from an increased cost per unit of $18,000 to $32,000.
So your argument is that because there are a few buildings popping up here and there, height restrictions have no impact on 1) land prices 2) supply 3) cost of housing 4) quality?Nah.
I know you're being facetious but it doesn't work like that. Planning rules aren't binary.Interestingly titled report, by the way. "Impacts of planning rules, regulations, uncertainty and delay on residential property development" Yes, I would agree that each of these 4 things impacts on residential property development. I would be very concerned if they didn't! Imagine what a wonderful city we would have if we didn't have planning rules.