LAND SHORTFALL FOR AUCKLAND HOUSING

 

400,000 houses are expected to be built in Auckland over the next 30 years to cope with the rising shortage of residential properties; however, recent findings have indicated that up to 20,000ha will be needed to accommodate the new housing. Auckland City Council’s controversial plan to ring-fence 75% of new housing within existing city limits has been opposed by many developers as non-viable, because not enough land is available to cope with future demands. WOR is currently following several large residential developments in Auckland, including the $150 million Marsden Town Centre, featuring 400 three-storey houses (see J125147 for further information).

Source: NZ Herald, 9 February 2012 (HD)


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