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

 

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Water, Pests, Erosion...: Commissioner Releases Mixed Report Card On Environment

The Parliamentary Commissioner for the Environment has released a mixed report card in her assessment of the state of New Zealand’s environment. “We are lucky to live in an exceptionally beautiful country, but we have some big issues to face up to” said Dr Jan Wright. More>>

ALSO:

Education: Private Schools Beneficiaries Of Extra Cash

“Not only did this year’s Budget freeze operational funding for state schools, but 86 per cent of secondary school principals say they don’t get enough funding, and the demand for school donations from parents is rising at 10 times the rate of inflation... Now we’ve got Hekia Parata proposing more cash for private schools." More>>

ALSO:

Shop Hours Bill Second Reading: Government Blocks Easter Trading Petition

The union representing retail workers is warning that the Government is out of touch with working people after passing the second reading of the Shop Trading Hours Amendment Bill, a law handing local authorities the power to permit trading on Easter Sunday. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news