Brief | Future Cities
Going For Housing Growth Announcement
New Zealand Brief July 2024
July 8, 2024 5 Minute Read
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On 4th July 2024, New Zealand's central government announced decisions related to Pillar 1 of their Going for Housing Growth programme. These policy changes will be implemented through amendments to the RMA and NPS-UD with requirements expected to be in place by mid-2025. Decisions on Pillars 2 and 3 will be made over the course of the next year.
The decisions announced are significant and have major implications for apartment development in Auckland. In our view, they will act as a catalyst for an earlier and stronger cyclical upturn in new development. This Brief outlines the three decisions that relate the most to Auckland's apartment market.
The decisions announced are significant and have major implications for apartment development in Auckland. In our view, they will act as a catalyst for an earlier and stronger cyclical upturn in new development. This Brief outlines the three decisions that relate the most to Auckland's apartment market.