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Media release: Rising house prices not a natural law

Wellington (12 September 2013): Would-be home owners don’t have to resign themselves to ever increasing house prices according to the latest research from the New Zealand Initiative, which found three overseas markets who are getting it right. In brief, the research found: In Germany and Switzerland, where the right to build is entrenched and local government funding is linked to population growth, house prices were stable but high; In Texas, where projects outside of zoned municipal areas are run by private developers, house prices had been maintained at a low level for an extended period; and Britain’s planning system, which shares many attributes with New Zealand, has delivered housing shortages, steep house price inflation, and smaller, more urban dwellings. Read more

12 September, 2013

Home ownership Viagra no cure for impotent policies

Rightly or wrongly, Britain and its former Antipodean colonies are obsessed with property – it’s imperative that you get that critical first step on the housing ladder. Given this level of obsession, it’s easy to see why housing has become a political football in all three countries, with politicians regularly trotting out new policies to help people buy a first home. Read more

Insights Newletter
30 August, 2013

National’s hand-out to home owners

At the National Party conference last weekend there were a number of announcements around housing; some were helpful, and some were less helpful. The well-reported aspects of the housing announcement have been an increase in the availability of Kiwisaver subsidies and the expansion of ‘Welcome Home’ loans. Read more

Luke Malpass
Insights Newsletter
16 August, 2013

More RMA stupidity

On 25 July, a Dominion Post article (Consent proposals upset rural residents) asserted that, under a proposed district plan, rural landowners might face new requirements if their property includes dominant dune ridge lines, outstanding landscapes, amenity landscapes or ecological and geological sites. Owners in possession of such land may now require a resource consent to work on farm fences, culverts and farm tracks. Read more

Dr Bryce Wilkinson ONZM
Insights Newletter
9 August, 2013

The global importance of local government

Throughout most of human history, cities were the dominant force of political affairs. From the very first cities of Mesopotamia in the seventh millennium BC, to Athens and Rome, and the city states of the Middle Ages, cities drove the development of political affairs, of culture, of democracy, of finance, of the arts, of education. Read more

Dr Oliver Hartwich
Insights Newletter
26 July, 2013

Solving housing supply without any more houses!

The New Zealand Herald ran two contributions on the housing affordability debate this week. The first was by the Bank of New Zealand’s Tony Alexander advocating the restriction of foreign investment in housing. Read more

Luke Malpass
Insights Newsletter
12 July, 2013

Are we running out of land?

If someone asked you how much of New Zealand was built upon, what would your guess be? 5% or 10%? Read more

Luke Malpass
Insights Newsletter
14 June, 2013
Priced Out cover border

Priced Out: How New Zealand lost its housing affordability

Priced Out – How New Zealand Lost its Housing Affordability looks at long-term trends in housing regulation and social circumstances as well as the changing roles of local and central governments. The report reveals how and why New Zealand is suffering a shortfall of houses. Read more

Michael Bassett and Luke Malpass
11 June, 2013

Media release: Report on how housing became unaffordable

The New Zealand Initiative is launching the first in a series of reports on housing affordability, co-authored by former local government minister Hon Dr Michael Bassett and Luke Malpass. Priced Out – How New Zealand Lost Its Housing Affordability looks at long-term trends in housing regulation and social circumstances as well as the changing roles of local and central governments. Read more

7 June, 2013

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