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

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.

Source

Manukau Market Wrap

Nationally, the stock availability continues to decline as expected in Winter. The volume of sales in June was not surprising and fell in June by -3.8% from the same time last year to 5,978 according to the latest data from the Real Estate Institute of New Zealand. In Auckland, the number of properties sold in June fell by -3.2% year-on-year .

There's less competition

With the lowest number of new listings for the month of June since listings records began, Auckland saw the lowest number of properties sold for two months continuing the trend we’ve seen for a few months now. Sale prices seem to have stabilised and all in all, with the lack of new listings, open homes and buyer activity is actually pretty good. The pool of buyers is still the same, there is just less to look at.

Manukau's median sale price compared to Auckland's

The median sale price for Manukau is $680,000 last month and take a 12 month average, this figure sits at $675,000 - down 2% last month however if we look at a 5 year average, this median increased to 8%. Across the country prices are still climbing, but the rate has slowed. The median sale price in Auckland remains steady with an 0.1% increase last month and over a 5 year average, has risen 7.2%.

Manukau's median days on market compared to Auckland's 

For Manukau, this number is 45 days and take a 12 month average, this drops to 39 days. The median number of days to sell a property in Auckland increased in June by 5 days from 40 to 45 - compared to the same time last year.

In summary

When do we expect to see the market come back? That’s a prediction well out of my pay grade but all the underlying factors are still in play, housing shortage, low interest rates, immigration etc. And to be fair - we are 3 years into the flattening, here in Auckland anyway. Volume started dropping in 2015, prices started to, or arguably did plateau in 2016, we’ve had a wee fall and they appear to have plateaued again now in 2019. They say on average a 4 year turnaround.Residential property sales activity looks set to tick along at the same controlled pace in the second half of the year as it has in the first, with average values growing in a restrained fashion. Other key factors to watch over the rest of 2019 include policy decisions from the Reserve Bank (e.g. LVR and bank capital rules), the landscape for investors’ returns, the potential flattening off of residential building consents, and how buildings insurance premiums might change due to risk based pricing.