Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Mayor caves in to government desire for speculator profits


Mayor caves in to government desire for speculator profits

Land speculators and property developers can expect windfall profits from today’s announcement for fast-track approval of housing developments.

The plan is unlikely to deliver a single affordable home. Auckland Mayor Len Brown makes a plaintiff plea when he says –

“if we agree to faster approval of new developments, we should expect developers to provide a component of affordable housing.”

He may as well pee into the wind. Why would developers build affordable housing now? They haven’t for the past decade. They are driven by profit rather than building the homes Aucklanders need.

So what should the council be insisting on with these new fast-track developments?

Firstly property speculators and developers should be required to pay the added value on the land rezoned for development into a council fund for affordable housing. This is what happens with overseas developments in similar countries where the “value uplift” – tens of millions of dollars – is at least shared by the community rather than taken as an unearned windfall profit by the speculator/developer.

Secondly every development of more than 10 homes should be required to provide at least 20% as affordable homes. Again this is typical of housing developments in similar countries overseas.

Without provisions such as these developers and speculators will enrich themselves while housing affordability remains a pipedream for Aucklanders.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>

 

Multimedia & Transcript: Acting PM's Press Conference

Winston Peters, Acting Prime Minister while Jacinda Ardern is in New York for the UN Leaders' Week, held a short press conference Monday after chairing this week's cabinet meeting. More>>

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>

ALSO:

Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>

ALSO:

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels