I enjoyed meeting with Ash and Herena from Act today. They gave me an opportunity to show them some of Assured’s developments and we had a frank discussion around the issues facing property development today. Bottom line, less red tape!
John Kenel
Assured Property
See full post from Facebook below:
Really thankful to John Kenel from Assured Property Investments for showing me around his latest Hamilton development.
With over 20 years of investment property ownership – and 19 years of property development for over 600 delighted customers his insights around the growing needs of Hamilton are really valuable.
We had a frank discussion around negative stigma property investors get under the current government.
John shared with me most of his clients only ever own 1 or maximum of 2 investment properties. But these properties serve a very important role in providing safe modern accommodation for renters.
10 years ago one of his developments would take around 16 weeks from breaking ground to code of compliance.
Now they are lucky if anything is finished before 39 weeks or much longer.
Intense rise in RED TAPE has added a lot of complexity to development of new properties and slows them right down.
Which eventually pushes prices of houses up and weekly rentals.
During the housing and cost of living crisis increasing RED TAPE is making it very hard to develop more properties.
John took me for a drive around Hamilton showing me a very impressive and long list of property developments ASSURED has done over the years.
