New homes are needed fast in the Auckland region and there are other regions around the country also in need of more new homes. The ‘handbrake’ on fast tracking housing development is often in the funding of and implementation of the pre-requisite services infrastructure.
In the Bay of Plenty the Council are considering outsourcing to private enterprise contracts to fund and install the infrastructure as they can not afford it.
In a recent news item Carrus Group chairman Mr Adams said developers needed to be able to put in core infrastructure themselves.
“If you can’t afford this work yourself, don’t let bureaucrats get in the way of a free market.
“There are smarter ways of dealing with infrastructure than we have at the moment … that could increase supply and affordability.”
In the same article CBC Construction director Peter Cooney said privatisation would make land more affordable.
Outsourcing the infrastructure funding would fast track the release of land for housing development. The issue is then one of quality how do the Council manage the quality so the infrastructure lasts 50 – 100 years.
Once this question is answered new homes may pop up in next to no time at all.
Whether you’re looking at new homes for investment or other strategies PropertyTutors Limited mentoring program may be worth considering. A full day event called THE MASTERS is held twice a year in Auckland and Wellington introducing property investment strategies.