It’s no secret that the current housing in demand in Auckland is only growing, seeing as it’s New Zealand’s fast-growing region and one of the country’s biggest commercial hub. As a response to this growing demand, the Government and Auckland Council proposed the Auckland Unitary Plan, approved on the 19th of August 2016, which – in a nutshell – significantly changes zoning laws within the city and provides more opportunity for new homes to be built within existing suburbs.
Thanks to the Auckland Unitary Plan, or the AUP, Auckland’s capacity for growth has significantly increased, as its identified areas suitable for urbanisation to accommodate the city’s rapid growth. According to NZ Herald, the traditional single house zones have shrunk by 22 per cent across the region, and the plan at large will permit 296,000 new homes to be built over the next 25 years.
This is also great news for existing homeowners; sites that were previously not sub-dividable are now eligible for new development, creating opportunities where the zoning laws prohibited them from existing before. Whether homeowners want to increase the value of their homes or climb further up the property investment ladder, a solid understanding of the AUP will help determine what they can do with their current property to maximise its value.
If you’re a homeowner looking to discover your property’s true potential, a Property Possibilities Report, in partnership with Harcourts Cooper & Co – New Zealand’s most trusted real estate agency brand in the country, can produce a detailed report for owners and buyers showing all the potential opportunities with the property.
If your property is located on the North Shore, Team MZ from Cooper & Co are pleased to offer their clients a discount on the cost of the report when organised through their expert team. In only seven working days, a detailed overview of your property’s full potential and possibilities is produced, revealing your property’s true potential.