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.
Get painting with Resene plant-based paints!
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What's your favourite piece of Waikato history?
Car parks inspired a milking shed design that took off around the world and became a piece of Waikato District history.
A hundred-year-old church and gravestones from the 1880s will also feature as the district turns the spotlight on its past for its first Heritage Day on April 20.
Stolen Bike!
My sisters bike was stolen from the Chartwell shopping center on Thurs (yesterday). It's red frame, Giant, mountain bike with some locks attached, and quite expensive!!! If you have found it, please kindly message me~~
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