On 20 April 2023, Property Council submitted to Greater Wellington Regional Council on their Draft Annual Plan 2023/2024.
Why it matters to our members
The Draft Annual Plan 2023/24 outlines the direction of the wider Wellington region for the next twelve months, so it is therefore important that decisions made by the Council have fair and equitable outcomes for the private sector.
We were extremely concerned about the average rates increase of 17.8%, given that this is higher than the planned rates increase of 14.01% originally set out for year three of the 2021-31 Long Term Plan. The cumulative effect this will have on the commercial sector throughout Wellington, will be significant. While we understand the need to increase rates, we urged the Council to rethink the proposal given that the cost of doing business in Wellington is already extremely high when compared to other cities in New Zealand.