Property investors declare issues
Waikato commercial property investors are a strong voice in an election manifesto being presented to the Government next month on initiatives and issues the sector wants addressed by the incoming regime.
Waikato Property Council chairman Graham Dwyer said the document would be held over until after the Rugby World Cup finals to try to secure maximum political and public attention for the sector’s hopes.
Near the top of the wish list would be a request that the Gov- ernment revisited last year’s decision to scrap depreciation claims on commercial buildings, he said.
‘‘This is a real issue, particularly as it relates to fit-outs. Things like air conditioning, lifts and suspended ceilings wear out quickly.’’
The Government had failed to differentiate properly between depreciation relating to residential property and commercial buildings, said Mr Dwyer.
Also on the sector’s agenda would be local government amal- gamation. The Waikato Property Council, whose members are commercial property investors and investment companies, had been ‘‘working hard’’ to convince the Government and the region’s local authorities that an Auckland-style amalgamation of councils was desirable here too, Mr Dwyer said.
Property Council local leaders would this week meet Internal Affairs representatives to work out logical boundaries for any such amalgamation. Amalgamation of Waikato councils into a single local authority would lead to better and more sensible regional planning and correct funding of regional assets without ‘‘ council squabbles’’, said Mr Dwyer.
Another item in the manifesto would be the requirement to increase scrutiny of the financial rigour local authorities applied to income, expenditure and whether councils had lazy assets.
In the case of Hamilton, the council believed the city was ‘‘ over-provided’’ with some services in some areas and had too few in others. The council had a study under way on the cost and provision of the city’s services and resources.
‘‘We’ll also be pushing for the Government to cut red tape.
‘‘To put it simply, government is too big,’’ he said.
‘‘We’ve got to have infrastructure but it needs to be infrastructure that enables people rather than constricts and slows them down.’’
Efforts had to be stepped up to write a comprehensive infrastructure plan for the country, he said.