Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Affordable Housing Discussion Welcomed New Zealand Planning


Affordable Housing Discussion Welcomed New Zealand Planning Institute
November 2012

The New Zealand Planning Institute (NZPI) welcomes the focus and discussion on affordable housing that the Productivity Commission’s report has generated.

NZPI recognises that there are many variables in generating and/or maintaining a climate conducive to affordable housing. These include:

• Inflation, interest rates and real interest rates (repayments required)
• Incomes and earnings (capacity to pay)
• Unemployment and employment conditions (market participation)
• Dwelling prices and rents (payment requirements)
• Mortgage and rent payments (savings capacity, ability to increase housing consumption)
• Tenure (impact of market economics, housing choice)
• Mobility or frequency of residential relocation (aggregate housing demand and price and rent impacts)

That recognition led NZPI’s submission to the Productivity Commission to call for the development of a range of national tools and policies ranging from monetary policy to planning policy that could provide holistic and sustainable solutions to this complex problem.

“Affordability is strongly related to the type and location of housing (how and where people want/need to live)” said Mr Bryce Julyan, Chair of NZPI “For instance, housing may be more affordable due to cheaper land costs further away from town, however residents are faced with other costs associated with distance from centres of employment, education and other activities and services, e.g. transport and travel costs.”

Given the variables and complexities involved in making housing more affordable, NZPI is sceptical that the proposed changes to the RMA (particularly the change to timeframes to processing of resource consent applications) will reduce the substantive cost of housing or bring affordable products to the market (around 95% of resource consents are already processed within the timeframes set out within the RMA).

NZPI urges the Government to broaden the discussion to address the more complex issues around housing affordability and a more specific examination of how to achieve the range and mix of affordable housing in preferred locations. These might include incentives to better use existing but under-utilised urban land, where infrastructure and investment already exists, or more effective government policy and support mechanisms for enabling urban regeneration and renewal (brownfields).


New Zealand Planning Institute®
www.planning.org.nz

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news