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

 

PARLIAMENT TODAY:

Gordon Campbell: The PM’s Hair-Pulling Power Trip

There have been striking differences between (a) the account of the waitress involved in the hair-pulling incidents, and (b) the account being given by Prime Minister John Key. The version by the waitress is available here and is recommended to anyone yet to read it. By her account, there were multiple instances of hair-pulling and these persisted and persisted long after she had made her annoyance clear to Key – who had also been advised by his wife, and by other café staff that the behavior was evidently not being welcomed. More>>

ALSO:

War: What’s To Commemorate?

Gordon Campbell in Werewolf: Is there anything that can be validly commemorated on this 100th anniversary of Gallipoli? Beyond, that is, a fleeting sense of empathy with the thousands of soldiers killed or wounded on April 25 1915 and in the months thereafter, until the whole thing was finally called off in December 1915. More>>

MORE IN WEREWOLF:

ALSO:

Peter Ellis Case: Minister Declines Request For Commission Of Inquiry

Justice Minister Amy Adams has declined a request from supporters of Peter Ellis for a Commission of Inquiry on the basis that an inquiry cannot be used to determine the liability of any person. More>>

Quakes: New Process For Red Zone Crown Offers

Canterbury Earthquake Recovery Minister Gerry Brownlee has announced a process to give everyone a say on the Crown offers to owners of vacant, commercial/industrial and uninsured properties in the Residential Red Zone. More>>

ALSO:

Gordon Campbell: On The Battle Obama Is Waging Over The TPP

For the past two and a half years, this column has been arguing that the fate of the Trans Pacific Partnership (TPP) deal will hinge on whether US President Barack Obama can win Trade Promotion Authority (TPA) from Congress... Last week, the White House finally, finally unveiled a draft TPA Bill. More>>

ALSO:

Greens: Govt Breaks Free Doctors Visit Promise To Kids

Documents obtained by the Green Party show that the Government decided to fund only 90 percent of doctors’ visits for children suffering from an injury in an attempt trim the cost of the so-called “free” visits. More>>

ALSO:

Other Wars: Extension Of NZDF Commitment In Afghanistan

The New Zealand Defence Force’s commitment of mentors and support staff to the Afghan National Army Officer Academy in Afghanistan has been extended out to December 2016, Defence Minister Gerry Brownlee says. More>>

PM's Press Conference: Auckland Property Prices Increasing "Too Rapidly"

John Key accepted that Auckland property prices 'are going up too rapidly” in a press conference held today in Wellington, however he said that this is not anything new. More>>

ALSO:

Press Conference: ANZAC PMs Concerned About ISIL Bringing The War Home

Prime Minister Key and Prime Minister Abbott spoke of the bond formed between Australia and New Zealand in the “baptism of fire” of Gallipoli. Abbott stated that New Zealand and Australia’s values and interests are linked, and this is reflected in the joint operation in Iraq which will begin shortly. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news