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Author John Kenel8 May 201805 May 2018

Expert Opinion

John Kenel: Are Council Helping our Housing Shortage?

The Waikato Times recently spoke with Assured Property’s CEO John Kenel, to learn his insights on the recent Hamilton City Council proposal. The suggested changes – which plan for increased charges on property developers – will add tens of thousands of dollars to development costs, at a time when the city is struggling to accommodate its growing population.

“Doubling the development contributions from one day to the next – at a time when we have a dire shortage of housing – that I just don’t understand,” said John Kenel.

A recent development of John’s, aiming to provide affordable accommodation for the growing Hamilton workforce, required a development contribution of $65,200, for six town houses.

Under the proposed changes, this would increase to $117,785 – approximately $8800 more for each house.

Follow this link to read the full story in the Waikato Times:

https://www.pressreader.com/new-zealand/waikato-times/ 20180508

Author John Kenel8 May 201805 May 2018
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