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


Bill English on the Right Path to Relieve the Housing Crisis

Media Release

27 June 2014

Bill English on the Right Path to Relieve the Housing Crisis

Property Council applauds the Finance Minister’s comments that central and local governments must come together to better understand the property and development sectors to rectify issues.

Bill English spoke at a Property Council political forum in Auckland this morning where he reiterated the need for in-depth collaborative work to address New Zealand’s housing crisis.

Mr English said the Government plans to engage in dialogue with the property industry to encourage more participation in property management and to benefit from the sector’s experience in financial and operational risk management.

The Minister pointed to the benefits of PPPs in delivering high value at lower costs and importing intellectual capital out of processes.

The Minister made a timely reference to the ripple effect of local government decisions throughout the country by what he called “planning that is wilfully ignorant of economics and cost.”

He cited onerous planning regulations which would raise costs in the housing market, increase interest rates and hold up the NZ dollar, detrimentally affecting exporters and consequently impacting the whole economy.

Property Council strongly agrees with the Minister’s statement to help better grow local economies by obtaining a deeper understanding of regional issues.


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news