Wellington developers hit back at claim ‘landbanking’ is fueling housing shortage

  • Wellington’s mayor says he plans to penalise “landbankers” who are fuelling the city’s housing shortage, but one developer has hit back, saying the city council’s lengthy consenting process is partly to blame.

Justin Lester had some stern words on Monday for two developers who he said were sitting on close to 490 hectares of undeveloped land on the city’s fringe, which had the potential for 2750 new houses.

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 LUCY SWINNEN/ FAIRFAX NZ Wellington city council received an application to add 147 houses to a block of land between Aruba Grove, Grenada Drive and State Highway One in Grenada Village. However it is unclear if it will get the go ahead.