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Auckland Council raises development fees to $50,000, risking housing shortages, developers warn.
Auckland Council proposes a significant rise in development fees paid by property developers, increasing from $21,000 to about $50,000 per lot, by extending the calculation timeframe from 10 to 30 years.
Troy Patchett, a local developer, warns this could stifle housing projects and worsen the city's housing shortage.
Developers are urged to submit applications before the deadline in April to avoid the increased costs.
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El Consejo de Auckland eleva los honorarios de desarrollo a $50,000, arriesgando escasez de vivienda, advierten los desarrolladores.