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Navigating the subdivision process in New Zealand, from resource consent applications to collaboration with consultants, to capitalize on rising property values and meet market demand.
What to think about when undergoing the development of a subdivision property. House prices across New Zealand have risen tremendously over the past year. It has been keeping the market red hot, with the median price raised by 25% in Auckland and 25.9% throughout the rest of the country. Along with rising house prices, the introduction of the Unitary Plan announced in September 2016, surrounding the subdivision of property around existing houses, has made the business of property development appealing to delve into.
The process of subdividing property has become a popular option for those with some spare land to earn some extra cash and to allow property developers to bring more houses to the market.
Do you know what is involved with the subdivision process?
To start, you will need to apply for resource consent, which is often applied as a bundle consent consisting of ‘land use consent’ and ‘subdivision consent’. Preparing the documentation for resource consent usually requires several different consultants, including a planner, architect, civil engineer, traffic engineer, and surveyor.
Resource consent approval takes 20 working days for each part, so the council will require 40 working days to process when applying for bundle consent. Once resource consent has been approved, the surveyor will submit a ‘223’ application to the council.
To learn more, please visit out blog https://thedesignfire.co.nz/blog/the-sub-division-process/
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