Council eyes Plan profits

The proposal is contained within an addendum to the council's draft Auckland Unitary Plan, which aims to boost intensification of the country’s biggest city.

"At the moment in New Zealand, any increase in land value resulting from the rezoning decision remains with the landowner," the council's draft plan says.

But under its "shared land value uplift" proposal, the council would take some of the capital gains, either through a fee from developers, taking a portion of a developer’s profit or a city-wide levy.

Opponents have slammed it as a tax grab by stealth.