On 29 July 2024, Property Council submitted to Queenstown Lakes District Council on their Long Term Plan 2024-34.
Why this matters to our members
The Long Term Plan outlines the direction of the Queenstown Lakes region for the next ten years, so it is therefore important that decisions made by the Council have fair and equitable outcomes for the property sector.
Our view
Overall, we appreciate the Council looking into alternative funding models that are more transparent and equitable to ratepayers and is something that Property Council has been a stronger advocate for. We also look forward to seeing the Council co-ordinate a city deal with Central Government. However, we are concerned that the significant increases to development contributions, will not see the development in the Queenstown Lakes district thrive.
At a high level, we recommended that Queenstown Lakes District Council:
- Implement a targeted rate on Queenstown Town Centre Properties (Street upgrades and arterials); and
- Reassess the proposed development contribution policy to ensure that housing in the Queenstown Lake district will be feasible and will not detrimentally impact supply.