Parliament

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

 

New report exposes KiwiBuild’s failings


A new report by the New Zealand Initiative’s Dr Bryce Wilkinson comprehensively exposes KiwiBuild as an incoherent mess, says ACT Leader David Seymour.

“ACT understands why KiwiBuild exists – it’s a vote-winner. But it’s also a massive distraction from the real issue of land supply.

“Dr Wilkinson shows why KiwiBuild won’t add to the supply of new homes or bring down the cost of housing. And, despite Phil Twyford’s claims to the contrary, it shows the taxpayer is being used to subsidise new homes for relatively well-off New Zealanders.

“The report relies on Treasury modelling to show KiwiBuild is likely to have no effect on house prices or quantities as public investment crowds out private investment. If KiwiBuild removes one homebuyer from the market, the private sector will build one less house.

“Phil Twyford insists KiwiBuild homes are not subsidised. Why, then, Dr Wilkinson asks, does the Government need to ration them via a ballot? If homes are unsubsidised, why would developers participate when they can operate in the private market without all the bureaucratic nonsense?

“The fact is that KiwiBuild houses are a form of welfare – they represent a transfer of wealth from taxpayers to developers and those lucky enough to be successful in the ballot.



“The report recommends what ACT has long campaigned for: the Government should tackle the housing crisis by cutting red tape and supplying more land in order to bring down its cost. This doesn’t require the government to be a builder.

“In 2012, the Productivity Commission found that the value of land just inside Auckland’s metropolitan urban limit was nine times greater than the value of land just outside, showing restrictive land use policies push up house prices.

“2016 Phil Twyford understood this. He said we should remove the metropolitan urban limit and let Auckland city grow. 15 months on from the election, he hasn’t acted on this commitment.

“ACT would remove cities from the Resource Management Act and introduce urban planning legislation focussed on increasing land supply. Urban environments should not be regulated in the same way as undeveloped natural environments.

“We would also share a portion of GST revenue collected from the construction of new housing with councils to incentivise them to approve planning of new homes. The shared revenue would help cover the cost of infrastructure.

“ACT has long campaigned – alone at times – for reducing red tape and increasing land supply. Labour must heed that message if it doesn’t want to share the National Party’s fate.”

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Anti-Corbyn Split In British Labour

The resignation of seven UK Labour MPs in protest against the leadership of Jeremy Corbyn is another example of the centre-left’s readiness to sabotage its own cause – such things are always allegedly done on principle – even if the outcome hands the country over to Conservative rule for five more years.

Certainly, a technician hot-miked at the splitters’ press conference was pretty sure this would now be the outcome, and he accidentally informed the nation to that effect. More>>

 
 

Auckland Action Against Poverty: Motels Profit From Housing Crisis

A single motel which charges up to $1,500 per week per room has received over $3 million worth of Government funds to provide emergency assistance, despite never having a Code Compliance Certificate – an offence under the Building Act – and receiving a series of longstanding complaints from occupants... More>>

ALSO:

Gordon Campbell: On The Alleged China Relations Crisis

If New Zealand’s relations with China are ‘deteriorating’ then you still need a microscope to detect the signs... More>>

ALSO:

Environment: Government To End Tenure Review

“Tenure review has resulted in parcels of land being added to the conservation estate, but it has also resulted in more intensive farming and subdivision on the 353,000 ha of land which has been freeholded. This contributed to major landscape change and loss of habitat for native plants and animals,” said Eugenie Sage. More>>

ALSO:

Bell Tolls: Big Changes, Grand Mergers Planned For Vocational Training

“At a time when we’re facing critical skill shortages, too many of our polytechnics and institutes of technology are going broke... More>>

ALSO:

Sallies' State Of The Nation: Progress Stalled In Reducing Inequality

The report shows a lack of tangible progress in key areas including record levels of household debt and a growing gap in educational achievement between poorer and more well off communities. More>>

ALSO:

Party Politics In Tax Morale Survey: SSC To Seek Answers From IRD

Minister of State Services Chris Hipkins has today asked the State Services Commissioner Peter Hughes to examine IRD’s reported inappropriate use of a public survey. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels