Rosebank Business Centre Report

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Land Values Five Years Ago

The question asking for the perceptions of land costs in the area five years ago and to what degree it affected location decisions was designed to illustrate any underlying trend. It is appreciated that the current environment is always more present in people's minds than the past. Notwithstanding this, the information gained suggests two differences between five years ago and presently. The key difference as already outlined is the rise in land/property values. Representative quotes follow on the next page.

"It was more affordable."

"A lot."

A point of difference from five years ago is businesses in the area were much less likely to be in expansion mode. The macro-economic conditions were much less favourable to businesses taking risks and/or employing growth strategies. Expansion is now a common feature within the business environment. Overall, some businesses feel constrained by rising land costs and any associated resource management compliance costs such as:

"It takes months to get a resource consent and some of the demands are unrealistic."

Respondents face important issues when balancing their needs to expand the business along with the reality of spending more capital on land purchases than they have before. A relevant quote is:

"Land wasn't an issue, however, we didn't have the need to expand."