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

 


Greens Wrong On Solution To Housing Affordability

Greens Wrong On Solution To Housing Affordability

Press Release by ACT Leader John Banks

Sunday, February 24 2013

Green co-leader Russel Norman’s response to ACT’s Freedom To Build policy shows he clearly doesn’t understand basic economics, says ACT Leader John Banks.

The Green Party today claimed that ACT’s Freedom To Build policy would not address the real issues faced by New Zealanders on housing affordability.  This is wrong.

“High prices reflect lack of supply.  The ridiculously high land values we are seeing in Auckland are due to the artificial shortage of residential housing and the RMA is the key culprit” Mr Banks said.

“In 1980, the ratio of median house price to median income was around two to one – today it is 5.3 to 1.  The primary cause of the problem is the Resource Management Act.

“Since its introduction 23 years ago it has become a 900 page job and investment destroying machine.  Red tape, restrictions, vague language, and urban limits have driving up the price of land, causing house prices to soar.

“Nowhere is this better illustrated than in Auckland where land two kilometres inside the Metropolitan Urban Limit is 8.65 times more expensive than land two kilometres outside it.

"ACT’s Freedom to Build policy would restore the presumption that land owners have the right to develop their property, so long as they are respecting the like rights of their neighbours.

"It will also address the RMA’s often conflicting provisions which lead to uncertainty, ever increasing costs, and the tipping of power into the hands of local authorities rather than land owners.

“The Green’s idea of solving the problem uses taxpayers’ money to subsidise a select few into a home.  It would lift demand even further without doing anything to free up the supply of land and would make land even more expensive.  

“It might make the Green’s celebrity backers and other wealthy supporters feel wealthier, but it won’t help those who don’t yet own land.

"Home ownership is becoming an unattainable goal for far too many New Zealanders and it’s the RMA that is holding them back.  ACT believes it’s time we reintroduced the Freedom To Build,” Mr Banks said. 

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Snowden Documents: Show New Zealand Spies On Its Pacific Friends And Sends Data To US

NZ Herald link: New Zealand's spies are targeting the entire email, phone and social media communications of the country's closest, friendliest and most vulnerable neighbours, according to documents supplied by United States fugitive and whistleblower Edward Snowden. More>>

ALSO:

Green Call For PM To Come Clean Spying

“Rather than calling the whistle-blowers names, John Key must answer: Have our intelligence agencies been collecting details about phone and internet conversations in the Pacific and passing this information to the Americans? If so, why? And crucially, have New Zealand residents been spied on too; if so, what’s he going to do about it?" More>>

 

PARLIAMENT TODAY:

Teina Pora Wins Appeal: Gordon Campbell On The Privy Council Decision

The quashing of the convictions of Teina Pora for the rape and murder of Susan Burdett in 1992 has shone a spotlight once again on a major gap in the New Zealand justice system... More>>

ALSO:

Urgent Bill Planned: MP Pay Rises To Match Public Service

Prime Minister John Key today announced an overhaul of the Remuneration Authority Act, tying MP salaries to those of the wider public sector, which will be passed under urgency. More>>

ALSO:

PM's Press Conference: MP Pay Rises, Solid Energy, Iraq

Prime Minister John Key answered questions in his Post-Cabinet press conference about the Iraq deployment, Solid Energy and National’s decision to overhaul the Remuneration Authority Act. More>>

ALSO:

Worksafe: MSD Charged Over Work And Income Ashburton Shooting

WorkSafe NZ has laid one charge against the Ministry of Social Development (MSD) in relation to the shooting at the MSD Ashburton office on 1 September 2014 in which two Work and Income staff were killed and another was injured. More>>

ALSO:

Iraq: Ex-Hostage Says Government Not Putting NZers, Iraqis First

Harmeet Singh Sooden is travelling to Iraq in the coming weeks to work with Christian Peacemaker Teams (CPT) on a short-term assignment. More>>

ALSO:

Joint Statement: Australia-New Zealand Leaders’ Meeting

Prime Minister Key warmly welcomed Prime Minister Abbott and Mrs Abbott to New Zealand. The visit has enabled wide-ranging and substantive discussion that has underlined the strength, value, diversity and warmth of our trans-Tasman relationship. More>>

ALSO:

Press Conference: Peters To Stand In Northland By-Election

New Zealand First Leader Winston Peters has announced his intention to stand in the Northland by-election, citing his own links to the electorate and ongoing neglect of the region by central government. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news