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


NPS on Development Capacity is good news for our cities

15 July 2016

The Proposed NPS on Development Capacity is good news for our cities

Property Council has submitted on the Proposed National Policy Statement on Development Capacity (NPS) and sees at as important step in enabling much needed development in our cities and communities.

Alex Voutratzis, Director of Policy and Advocacy points out that “for a number of years, Property Council has called on Central Government to provide greater leadership in planning for our cities.

We welcome this NPS as fruits of this almost singlehanded advocacy.

“The development of the NPS provides a partial, yet pragmatic and responsible answer to the economic and social barriers that are hindering the current and future growth of our cities”.

The Property Council submission supports a planning system that is founded on objective and robust analysis, data, policies and rules. This NPS will help deliver a nationally consistent approach to enabling urban development.

Mr Voutratzis says “the NPS focuses on ensuring a steady supply of land for housing and business development. The policies in the NPS will assist in developing affordable housing and communities for families and first home buyers.

In its submission, Property Council stresses the need for councils to release land in a flexible way, and provide a competitive land market, which will help bring down cost of housing.

Mr Voutratzis argues “it is important that councils are flexible about when and where land is released. Predictable land supply is one of the main causes of high land prices. People who own land near to developable land simply hold on to it, which pushes up the price of land.

“The NPS will have far reaching effects and will assist councils with planning for urban growth in the short, medium and long-term. The NPS will provide the development sector with the certainty that there will be a ready supply of land for residential and commercial projects”.

However, Mr Voutratzis points out that “the NPS doesn’t fully address the elephant in the room, that being the funding of the infrastructure required to support our growing cities and communities”.

“The recently announced $1 billion infrastructure fund, while positive, is merely a drop in the bucket. A lot more funding is needed for the prosperity of our cities and communities.

“We need Central Government to provide councils with a range of funding mechanisms so that the construction, provision and operation of infrastructure does not fall squarely on the shoulders of developers and existing ratepayers”.


© Scoop Media

Business Headlines | Sci-Tech Headlines


OECD On NZ: NZ's Living Standards Framework Positive But Has Gaps

Treasury’s living standards framework reflects good practice internationally but has some data gaps, including in areas where New Zealand fares poorly, the Organisation for Economic Cooperation and Development says. More>>


RBNZ Act Review: Govt Plans Deposit Guarantee Scheme

The Coalition Government today announced moves to make New Zealand’s banking system safer for customers through a new deposit protection regime, and work to strengthen accountability for banks’ actions. More>>


Conduct Review Response: Banks Commit To Removing Sales Incentives

The FMA and Reserve Bank of New Zealand said today that all banks had committed to remove sales incentives from frontline staff and their managers. More>>

Consumer Report: Insurance Market Complaints And Uncertainty

Consumers are paying more than ever for insurance but they’re not getting a fair deal, Consumer NZ’s latest report on the industry shows. More>>


Workers “Blind-Sided”: Sanford Processing Restructure Plan

Up to 30 jobs – almost half Sanford’s Bluff workforce - could be lost if the proposal to move white-fish processing to Timaru goes ahead. More>>