Govt Wants Houses On ‘Banked’ Land

landThe Government realises it now needs to add more temptation so land bankers build houses. The recent increases in land value has seen land sit empty even though if developed 45,000 homes could be added to the property market in Auckland.

The designated special housing areas were fast tracked by the Government however while the land is ready for the homes – the developers are not ready to build the homes. Developers are reluctant to ‘let go’ of the land while the value is still going up.

This property sold on the weekend for just under $1.4million. The property has no power, bedrooms or bathroom. It’s CV was $750K (and the seemed very high!)

Auckland needs land bankers to develop properties quick smart and the Government believes it’s probably found a way to get the Developers building – read more here. First Home Buyers may get double the incentive from the Government and Developers may see more they’ll be better off building the end product before land values drop with the release of more land.

It may be a game of ‘cat and mouse’ for a few months to come and property investors are carrying on with their business amid all the fuss in the market.

PropertyTutors clients are doing property deals that provide a ‘win, win’ and it’s a much needed service in such a tight market.

Download PropertyTutors eBooks –

Profitable Property Deals Revealed

Lessons Learned by the Property Masters

29 Know How Property Investing Tips

Tags: , , , ,

About PropertyTutors

“PropertyTutors Limited believes the information in this publication is correct, and it has reasonable grounds for any opinion or recommendation found within this publication on the date of this publication. However, no liability is accepted for any loss or damage incurred by any person as a result of any error in any information, opinion or recommendation in this publication. Nothing in this publication is, or should be taken as, an offer, invitation or recommendation to buy, sell or retain any investment in or make any deposit with any person. The information contained in this publication is general in nature. It may not be relevant to individual circumstances. Before making any investment, insurance or other financial decisions, you should consult a professional financial adviser. This publication is for the use of persons in New Zealand only. Copyright in this publication is owned by PropertyTutors Limited. You must not reproduce or distribute content from this publication or any part of it without prior permission.”