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

Digital Evolution: Scoop Independent News Launches "Operation Chrysalis"

From today Scoop is beginning a process of public consultation with the political, business and civil society groups it has served for the past 15 and a half years.

"It is hoped that in time - with new leadership and increased community engagement - the chrysalis will incubate a new kind of Scoop, one which can sustainably continue Scoop's Mission 'to be an agent of positive change'", says Scoop Founder, Editor and Publisher Alastair Thompson.

"As big publishing shrivels, public participation in contributing and spreading news has grown. Scoop has evolved with this wave by providing an independent platform, committed to upholding democracy, providing a voice to all, and providing the public easy access to information about decisions which affect them." More>>

 

Parliament Adjourns:

Greens: CAA Airport Door Report Conflicts With Brownlee’s Claims

The heavily redacted report into the incident shows conflicting versions of events as told by Gerry Brownlee and the Christchurch airport security staff. The report disputes Brownlee’s claim that he was allowed through, and states that he instead pushed his way through. More>>

ALSO:

TAIC: Final Report On Grounding Of MV Rena

Factors that directly contributed to the grounding included the crew:
- not following standard good practice for planning and executing the voyage
- not following standard good practice for navigation watchkeeping
- not following standard good practice when taking over control of the ship. More>>

ALSO:

Gordon Campbell:
On The Pakistan Schoolchildren Killings

The slaughter of the children in Pakistan is incomprehensibly awful. On the side, it has thrown a spotlight onto something that’s become a pop cultural meme. Fans of the Homeland TV series will be well aware of the collusion between sections of the Pakistan military/security establishment on one hand and sections of the Taliban of the other… More>>

ALSO:

Werewolf Satire:
The Politician’s Song

am a perfect picture of the modern politic-i-an:
I don’t precisely have a plan so much as an ambition;
‘Say what will sound most pleasant to the public’ is my main dictum:
And when in doubt attack someone who already is a victim More>>

ALSO:

Flight: Review Into Phillip Smith’s Escape Submitted To Government

The review follows an earlier operational review by the Department of Corrections and interim measures put in place by the Department shortly after prisoner Smith’s escape, and will inform the Government Inquiry currently underway. More>>

ALSO:

Intelligence: Inspector-General Accepts Apology For Leak Of Report

The Inspector-General of Intelligence and Security, Cheryl Gwyn, has accepted an unreserved apology from Hon Phil Goff MP for disclosing some of the contents of her recent Report into the Release of Information by the NZSIS in July and August 2011 to media prior to its publication. The Inspector-General will not take the matter any further. More>>

ALSO:

Drink: Alcohol Advertising Report Released

The report of the Ministerial Forum on Alcohol Advertising and Sponsorship has been released today, with Ministers noting that further work will be required on the feasibility and impact of the proposals. More>>

ALSO:

Other Report:

Leaked Cabinet Papers: Treasury Calls For Health Cuts

Leaked Cabinet papers that show that Government has been advised to cut the health budget by around $200 million is ringing alarm bells throughout the nursing and midwifery community. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news