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Author: Denise Marsden
Published: 20 November 2023
Pages: 27

Introduction

The Auckland Monthly Housing Update, October 2023 confirms the completion of large amount of development stock that has been sitting in the development pipeline.

• In the year ended August 2023, 15876 dwellings had a CCC issued; and
• In the past 12 months 14,793 new residential parcels (sections) were created – an average of 1233/month.

We have seen a number of settlements of “off the plan” sales this year, driven by the developments commenced in the low interest rate environment of 2020-2022. In the year ended August 2023 in Auckland, 18003 dwellings were consented. Of the dwellings consented in August 2023, 30% were houses, 6% apartments and 65% townhouses, flats, retirement villages or other attached dwellings. (continued...)

Content outline

  • Development finance
  • Consenting
  • Form of agreement
  • Delay, sunset dates and s 225 Resource Management Act 1991
  • Plans, specifications, defects and incomplete work at settlement - assignment of warranties and guarantees
  • Apportionments
  • Drafting and negotiating agreement for sales off the plan
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MARSDEN Denise    
Denise Marsden
AlexanderDorrington
Auckland		    

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