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

 

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news