Latest / The Kākā by Bernard Hickey
One way housing supply growth is strangled
News last week that Auckland Council had confirmed plans to charge housing developers $6 billion worth of Development Contributions (DCs) over the next 30 years to partly pay for $19 billion in capital spending on parks, public transport and water infrastructure didn’t get nearly enough attention.
Not because it was surprising or unusual or unexpected. It wasn’t. It’s now the standard way for councils to reduce the ‘burden’ of having to pay for at least half the infrastructure costs from population growth. Ratepayers, councillors, the Government and even developers seem to accept its fair and…
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