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Media release: Urban land NPS just firing blanks

Wellington (2 June 2016): The government’s draft national policy statement (NPS) on urban development, while a step in the right direction, will not fix Auckland’s housing crisis because it ignores infrastructure, according to The New Zealand Initiative. Building and Housing Minister Nick Smith today launched draft policy guidance under the Resource Management Act, which looks to force councils to zone more land for development when house prices breach a certain affordability threshold. Read more

2 June, 2016

Hard work on housing starts now

Last week saw a rare conjunction. Almost all the political parties agreed that Auckland’s artificial rural urban boundary had to be lifted to free up land for housing development. Read more

Insights Newsletter
27 May, 2016

Supply, not tax, the answer

Amid the rancorous debate about whether a land tax should be imposed on non-resident property buyers it is vital to remember what caused New Zealand’s housing crisis in the first place: a sustained lack of land supply. Far too often in the discussion on how to cool Auckland’s white-hot housing market the focus strays from this fundamental fact, and falls on demand-side factors. Read more

Interest.co.nz
23 May, 2016

Media release: Initiative supports call to ban urban limits

Wellington (18 May 2016): The New Zealand Initiative has welcomed calls to scrap Auckland’s urban growth boundary, saying the evidence unambiguously shows that these sorts of policies artificially push the costs of housing up. This comes after Labour Housing Spokesman Phil Twyford today said his party would abolish Auckland’s city limits should it be voted into government. Read more

18 May, 2016

Auckland in desperate need of housing leadership

Replace the word London for Auckland and you could be forgiven for thinking that The Economist was writing a lament about housing affordability in New Zealand’s biggest city. In an article titled “Little London”, the magazine notes that soaring property prices are dragging on the city’s economy. Read more

Interest.co.nz
7 May, 2016

Housing policies in short supply

Nothing is worse than politicians running out of ideas. Or to say it in the famous words of Abraham Maslow, “I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail.” In the case of politicians, the hammer is the power to tax and the nails are all the problems that are coming their way. Read more

Dr Oliver Hartwich
The National Business Review
29 April, 2016

Scream it from the rooftops: Supply!

With Auckland’s housing crisis now a permanent feature on the Herald’s front page, it is worth restating how this problem started: not enough homes were built to keep up with natural demand. When too many buyers chase too few goods, prices have to rise. Read more

Insights Newsletter
22 April, 2016

Wellington merger recycles a bad idea

With the dust on the failed Wellington mega-merger process having only just settled, it is a disappointing turn of events to see a new merger proposal back on the agenda, albeit in a smaller form. That is because the previous merger - which would have amalgamated the Greater Wellington Regional Council with district councils in Wellington, Porirua, Kapiti Coast, Hutt, Lower Hutt, South Wairarapa, Carterton and Masterton into a unitary authority - offered so few benefits and such high costs that it never got out the gate. Read more

The Dominion Post
15 April, 2016

Local history risks repeating

Last month Local Government Minister Peseta Sam Lotu-Iiga provided the first peek at the latest round of Local Government Act reforms, dubbed the Better Local Services package. The announcement was not a surprise, particularly as it came in the wake of failed council amalgamation proposals in Wellington, Northland and Hawke’s Bay. Read more

The National Business Review
8 April, 2016

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