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Auckland Council U-turn on urban sprawl dampens land prices

Property on city’s rural/urban fringe is worth less than it was thanks to council’s change of heart on future development, agents say.

Cows currently graze at Sutton Rd, but the site is zoned ‘future urban’.

Maria Slade Mon, 29 Apr 2024
Key points
  • What’s at stake: Auckland Council’s strategy of limiting urban sprawl is casting a shadow over city fringe land values.
  • Background: The council adopted the Future Development Strategy in November, aiming to push back the availability of future urban land for as much as 30 years.
  • Key players: Auckland Council, Urban Development Institute of New Zealand, Fisher & Paykel Healthcare, LJ Hooker, Harcourts.

On paddocks just north of the proposed new Drury East town centre, the Drury Church Trust runs free-range chickens, grazes cows, and sells raw milk from its farm shop.

The property is strategically located next to State Highway One, the main trunk railway line, and major housing developments.

The

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Key points
  • What’s at stake: Auckland Council’s strategy of limiting urban sprawl is casting a shadow over city fringe land values.
  • Background: The council adopted the Future Development Strategy in November, aiming to push back the availability of future urban land for as much as 30 years.
  • Key players: Auckland Council, Urban Development Institute of New Zealand, Fisher & Paykel Healthcare, LJ Hooker, Harcourts.
Auckland Council U-turn on urban sprawl dampens land prices
Property,
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