Posts tagged Auckland real estate
Can you subdivide?

Before you begin, check first if your section can be sub divided under The Auckland Unitary Plan

To check on your property's zone in the Auckland Unitary Plan, click here and enter your address in the search box at the top. It should highlight your property on the map.

On the left hand side you should see a description of your property including the land zone, for example Residential - Mixed Housing Suburban Zone

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Engage with a registered land surveyor - The Process

Stage 1

A good starting point to provide relevant information about your property. The surveyor will investigate all potential options specific to your site and compile a detailed report highlighting the financial costs and potential returns of the project.

Stage 2

Under the newly operative Auckland Unitary Plan we will investigate and determine whether your property is potentially subdividable. They will then talk you through the process of subdividing and Auckland Council's new rulebook around land development.

Stage 3

The first stage of land subdivision is preparing the subdivision resource consent application. They will organise and compile the required information including topographical survey and scheme plan, engineering/flood report, geotechnical report, CCTV investigation and concept house design.

Stage 4

The decision whether or not to go ahead and subdivide your property is all yours. They will provide you with all the information and guidance imperative to a successful and lucrative outcome.

Stage 5

After the resource consent for the subdivision has been granted we will continue with engineering approval and the installation of the civil services including waste and storm water, power, phone, fibre, water and gas. Finally we will ensure all works have been carried out in accordance with the approved subdivision plan.

Get an idea of overall costs

The subdivision of one residential property into two lots can vary significantly in cost due to a range of factors, in particular infrastructure issues.

Generally, the average two-lot subdivision can cost around $120,000 - $150,000 for an approved consent, a new certificate of title, professional fees and other requirements. It is also likely to be development contributions on top of this.

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Coundown to Christmas...

It is getting to that time of year again when the market quietens down briefly for the Christmas–New Year holiday season. In my opinion, the last date to auction a home would be the 13th of December. Otherwise, it is just cutting it too fine and you don’t want a home sitting around over the holiday period. I am talking to many people who are opting to take advantage of this time to do some renovations, then bring their home to market in the new year. The market bounces back around mid-January, which is a prime time to list before the rush of other listings come on in February and March.

Pictured below are the happy vendors of one of my November auctions on Wilmay Avenue, Papatoetoe — they were rapt with the sale price they achieved at auction. You can view highlights of this auction on my YouTube channel. We are seeing some really great prices for homes, so the market is still abundant with buyers.

Wilmay Ave, Papatoetoe

The latest property market summary from QV is summed up as follows:

The Auckland market has increased 9.2% from this time last year, 2.5% over the past three months and a massive 35.1% since 2007. Manukau Central values increased 4.1% over the past three months — which is the highest rate seen since earlier in the year. Manukau Central values are up 12.2% year on year and 26.2% since 2007.

By the way, have you received your new rating billing yet? Forrest Hill and Mangere Bridge have increased up to 55%. Papatoetoe is up 35%, Goodwood Heights up 25% and Totara Heights up 23%. The latest valuations won’t be used for rating purposes until July next year, but councillor Cameron Brewer said many of those suburbs that have inflated substantially over the past three years could now expect their rates increase next year to be well above Mayor Len Brown’s proposed average increase of 2.5%