And the developer of a subdivision has already had the cost of the roading, grass verge and street trees/planting (which are then gifted to the TA), the cost of the street lighting and power supply (which are then gifted to the local lines company), the cost of the water reticulation (including hydrants and supply pipes), stormwater and sanitary lines (which are then gifted to the water company), telephone/internet (which are then gifted to Chorus) and gas (which is then gifted to the gas company).The big thing is consents taking forever instead of only a few months meaning every developer is paying $10’s of thousand in extra holding costs which is passed onto the cost of new houses.
But that’s nothing really, auckland has increased their water connection charges by 25% to $25k per house just for a water meter.
And then, as you say, they pay connection fees, reserve and development contributions, LINZ fees, mitigation fees, etc., etc...... and then the public wonder why sections/land is so expensive to buy. It's easier to blame the greedy previous landowner or the greedy developer than to actually look also at the expense and compliance costs and fees the developer has to pay.
