Red tape adds to home costs, developers say
Bureaucratic red tape is adding about $80,000 to the cost of a new home in Hamilton, according to developers.
That's due to both local and national regulations, they say.
And now Hamilton City Council plans to remove a carrot for central city developments, Yeoman Homes may stop building CBD apartments, managing director Andrew Yeoman said.
Council plans to phase out a remission that effectively meant developers didn't have to pay development contributions on central-city projects.
"Red tape definitely adds $80,000 if not more to the cost of a house," Yeoman said. "But it's not all Hamilton City Council rules that make that up - a large amount of that is government regulations."
"In the 17 years I've been building, I'm just astounded at how much costs have increased.
Read more here.
Poll: When should the tree go up? 🎄
From what we've heard, some Christmas trees are already being assembled and decorated.
What are your thoughts on the best time to get your Christmas tree up?
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5.1% Second half of November
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41.1% 1st December
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17.9% A week before Christmas
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34.6% Whenever you wish
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1.3% Other - I'll share below
Riddle Me This, Neighbours! Bet You Can’t Guess It!
Sometimes narrow, sometimes wide, wind or rain, I stay outside.
Even if there’s heat or snow, from house to house I will still go.
What am I?
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Poll: Do you think this is probably the reason?
Work changes, divorces and other life events are probably behind many of Waikato’s loss-making house sales, a realtor says.
Recent figures revealed more than 10% properties resold in Hamilton and Waikato District went for less than what the sellers had paid.
Do you think this is probably the reason? Tell us your reasons in the comments (adding NFP if you don't want your words used in print).
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40% Yes
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20% Not sure
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40% No