Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Hobsonville Point a boost for Auckland housing


Hon Phil Heatley

Minister of Housing

16 November 2012

Hobsonville Point a boost for Auckland housing

Hundreds of new houses are to be built at Hobsonville Point as part of the Government’s moves to bring more affordable new housing on to the market, Housing Minister Phil Heatley announced today.

The Hobsonville Point development complements a number of other Government housing initiatives. These include increased investment in social housing; reconfiguration of the $15 billion state housing portfolio to better meet need; $2 billion a year in subsidies such as the Accommodation Supplement; and measures in response to the Productivity Commission report on improving housing affordability, Mr Heatley says.

“This initiative will both add to Auckland’s housing supply, and demonstrate innovative commercial market-based solutions that could be replicated in the affordable housing market elsewhere in New Zealand.

“Twenty per cent of the 2500-3000 new homes at Hobsonville Point will be priced at $485,000 or less. This means 500 to 600 more affordable homes will be built in this Auckland development alone,” he says.

“The Hobsonville Land Company, a subsidiary of Housing New Zealand, will introduce a simple scheme to prioritise home-ownership access to some of the houses.”

Under the inflation-indexed targets, of all homes built at Hobsonville Point:

· 10 per cent will be sold for less than $400,000

· a further 10 per cent will be priced between $400,000 and $485,000.

“It’s generally understood that these price ranges are considered more affordable in the Auckland context,” Mr Heatley says.

Mr Heatley says it is up to the company how it achieves the targets in a commercial development environment. The Hobsonville Land Company will release further details about the home-ownership access scheme when they become available.

The Government has also provided the company with greater flexibility around accelerating development in order to bring more supply to the market faster.

Mr Heatley says that the Government and the company have clear expectations of the development's value.

“To protect taxpayers, the project's lifespan will be determined by market conditions and the need to achieve a reasonable rate of return on the taxpayer’s investment."

He says the Auckland Council has been very supportive of the innovation needed to build more affordable houses at Hobsonville Point.

“Their positive involvement has been critical. The council and the company are also working together on a demonstration project for smaller houses on smaller sections to show their commercial viability and market appeal,” he says.

ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Life And ACC Work Of Sir Owen Woodhouse

With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the titans of its post-war social policy.

In its original incarnation in the early 1970s, ACC had been a globally innovative “no fault” scheme whereby accident victims surrendered their right to sue those responsible – on the understanding that they would receive compensation at a level that, as Woodhouse famously stated, would be sufficient to enable accident victims to fully participate in social life... More>>

 

Parliament Today:

Bad Transnationals: Rio Tinto Wins 2013 Roger Award

It won the 2011 Roger Award and was runner up in 2012, 2009 and 08. One 2013 nomination said simply and in its entirety: “Blackmailing country”... More>>

ALSO:

Select Committees: Tobacco Plain Packaging Hearings

The Stroke Foundation is today backing the Cancer Society and Smokefree Coalition who are making oral submissions to the Health Select Committee in support of proposed legislation to remove of all branding from tobacco products. More>>

ALSO:

Milk: Oravida Asked For Cabinet Help

New evidence released by New Zealand First today reveals Justice Minister Judith Collins used her position to manipulate the Government to help her husband’s company, Oravida, after the Fonterra botulism scare, says New Zealand First Leader Rt Hon Winston Peters. More>>

ALSO:

With Conditions: Ruataniwha Consents Approved In Draft Decision

The Tukituki Catchment Proposal Board of Inquiry has granted 17 resource consents relating to the $265 million Ruataniwha Water Storage Scheme in a draft decision that would open more of the Hawke’s Bay to irrigation. More>>

ALSO:

Fast Lanes, Campervans: Labour 'Making The Holidays Easier For Kiwi Drivers'

The next Labour Government will make the holidays easier and journeys quicker for Kiwi families driving on the roads, says Labour Leader David Cunliffe. More>>

ALSO:

Gordon Campbell: On Royalty And Its Tourism Spin-Offs

Ultimately the Queen’s longevity has been one of her most significant accomplishments. A transition to Prince Charles while the monarchy was in the pits of public esteem in the mid to late 1990s would have been disastrous for the Royal Firm. Far more congenial representatives have now emerged... More>>

ALSO:

Privacy (Again): ACC Demands Excessive Privacy Waivers

Labour: “This is just another example of ACC under National deliberately acting to deny treatment and compensation... Those who did fill in the form have effectively been victims of yet another ACC privacy breach. This time Judith Collins knew it was happening..." More>>

ALSO:

IPCC: Many Pathways To Substantial Emissions Reductions Available

A new report by the Intergovernmental Panel on Climate Change (IPCC) shows that global emissions of greenhouse gases have risen to unprecedented levels despite a growing number of policies to reduce climate change. Emissions grew more quickly between 2000 and 2010 than in each of the three previous decades. More>>

ALSO:

Bowels: Green Light From Labour For Cancer Screening Programme

Labour Leader David Cunliffe has today committed to a national bowel screening programme, starting with extending the current service to the Southern and Waikato districts. More>>

ALSO:

Dotcom Speaks To Mana AGM: Negotiations With The Internet Party To COntinue

The MANA AGM decided unanimously to continue negotiaitions with the Internet Party. Within a month further negotiations, further consultation with MANA branches and a final decision on whether to proceed with a relationship is expected. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news