Greater Wellington Regional Council 2017-18 Annual Plan - 2017
Property Council has reviewed the consultation document and supporting documentation relating to Greater Wellington Regional Council's Annual Plan 2017-18. We note rates increases by the Council have averaged more than 5% per annum over the last 5 years. Rates increases can have a detrimental effect on the future viability of Wellington for commercial property development and investment. We have particular concerns around the proposed increase to CBD rates. In addition to concerns relating to rates increases, the Council needs to relook at a number of its infrastructure-related decisions.