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.

2 months ago
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