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

 


Budget Predominantly Positive

Budget Predominantly Positive


Property Council applauds the Government’s 2014 Budget for the provisions it makes in several areas in a forward momentum which will benefit the whole nation.


The Budget has announced a commitment to increasing housing supply which directly targets the country’s housing unaffordability crisis. Increasing supply is key to assisting with housing affordability, as well as providing more options to prospective buyers.


The development of Housing Accords to fast track supply in key areas of New Zealand, which are experiencing high levels of demand, illustrates the importance of this matter.


Measures over the next year must include releasing land for development, agglomeration of sites to enable a big enough footprint for dense development, the provision of relevant infrastructure, master planning and streamlined efficient consent processes.


The Government’s steps to accelerate infrastructure in Auckland, such as roading and rail, is particularly positive in this regard as is the Government’s work to ensure lower construction costs, more equitable development contributions and efficient Resource Management Act processes.


However, the Budget leaves a gaping hole in the area of seismic strengthening and fails to address costs and affordability issues associated with undertaking strengthening work.


At the moment, too much time is passing with ever increasing uncertainty about how to remedy the detrimental impacts of this on local communities. Costs for undertaking strengthening work are substantial and it is likely many building owners will struggle to afford them. The Government’s intervention in this area is paramount.


Property Council chief executive Connal Townsend strongly supports the priority given to the Christchurch rebuild and the desire to get development and investment into the city.


“The announcement of apprentice schemes is particularly positive, especially in respect of the priority trades we need for the Christchurch rebuild, and construction in Auckland.


“However we urge the Government to engage the Private Sector in processes and decision making, to ensure efficiencies and effecting integration of private and public sector requirements. Speedy, effective decisions are key.”


END.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

ETS Review: Modelling Documents Released

Three technical documents are being released to help New Zealanders engage with the Emissions Trading Scheme (ETS) review, Climate Change Minister Paula Bennett says. More>>

ALSO:

Northland: Govt Plan Targets Transport, Web, Maori Assets

The government has released a 10-year plan to attract investors and lift economic growth in Northland, a region that perennially underperforms the rest of the country even while being endowed with natural beauty, productive land, minerals, a potential workforce, scope for manufacturing, forestry and aquaculture, and proximity to Auckland. More>>

ALSO:

Statistics: Unemployment Rate Falls To 5.3 Percent

The unemployment rate fell to 5.3 percent in the December 2015 quarter (from 6.0 percent), Statistics New Zealand said today. This is the lowest unemployment rate since March 2009. There were 16,000 fewer people unemployed than in the September ... More>>

ALSO:

Employment: Labour Urges Talley’s To End AFFCO Lockout

Labour has urged Talley’s to resolve the ongoing industrial dispute with AFFCO workers which is having a severe effect on the employees, their families and their communities, Labour’s Workplace Relations spokesperson Iain Lees-Galloway says. More>>

ALSO:

Three Kings: Govt To Oppose Appeal Blocking $1.2B Auckland Housing Plan

Environment Minister Nick Smith and Housing New Zealand have joined legal proceedings in support of Auckland Council and Fletcher Building opposing a bid by community groups to only allow low-rise housing in a $1.2 billion housing redevelopment on the disused site of the Three Kings quarry. More>>

ALSO:

Transport: Jetstar Expands Regional Network With Three New Routes

More New Zealanders than ever before will have access to Jetstar’s affordable flights when new services take off today from Auckland to New Plymouth and Palmerston North, and Nelson to Wellington. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news