Parliament

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

 

RBNZ: KiwiBuild won’t contribute to housing stock in 2019

The Reserve Bank has landed another blow on KiwiBuild, predicting it won’t add to the housing stock this year and will reduce private sector building over the coming years, says ACT Leader David Seymour.

After forecasting last August that KiwiBuild would begin to add to overall residential investment from the middle of 2019, the Reserve Bank now assumes the net contribution of KiwiBuild will be almost zero this year.

The Bank also says that most of the houses delivered through KiwiBuild will be offset by crowding out of private sector developments over the next few years.

“It’s not surprising the Reserve Bank predicts KiwiBuild won’t add to our housing stock when the Government is just buying existing homes, putting a KiwiBuild logo on them, and adding a set of rules around who can buy them.



“KiwiBuild is a distraction from the real problem of high land prices which could be alleviated by cutting planning red tape.

“Labour needs to introduce a package of reforms that will free up building everywhere.

“It can achieve this by replacing the Resource Management Act with a law as set out by the Productivity Commission in Better Urban Planning. Such a law would set out infrastructure plans and let people build around it without restrictive zoning such as the municipal urban boundary.

“The Government should let councils issue targeted rates to pay for infrastructure for new developments and, if they really want to see building go ahead, get councils out of the building consent and inspection business. Councils are the bane of a builders’ existence and they didn’t stop leaky buildings anyway. Mandatory private insurance of new builds would be better.”


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Government Confirms Royal Commission of Inquiry:

Friday: National Remembrance Service

A National Remembrance Service for the victims of the Christchurch mosques terrorist attack, and all those affected by it, will be held at 10am on Friday 29 March, Prime Minister Jacinda Ardern announced. More>>

Ban On Military Style Semi-Automatics And Assault Rifles
Military style semi-automatics and assault rifles will be banned in New Zealand under stronger new gun laws... Related parts used to convert these guns into MSSAs are also being banned, along with all high-capacity magazines. “An amnesty will be put in place for weapons to be handed in, and Cabinet has directed officials to develop a buyback scheme...All semi-automatic weapons used during the terrorist attack on Friday 15 March will be banned." More>>

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK
For the Latest: Scoop Search - Christchurch
 

Gordon Campbell: On The School Climate Strike

Locally, the school strike has won a ton of support for bringing climate change to the fore. Yet the strikers don't want mere expressions of support. They want action. More>>

ALSO:

"Grabbed And Struck In The Face": Greens Co-Leader Attacked While Walking To Work

Green Party co-leader James Shaw was the victim of an unprovoked attack when he was walking to work in Wellington. More>>

ALSO:

████████ ████ ███: Latest OIA Statistics Released

The latest statistics cover 110 agencies that collectively completed 18,106 official information requests between July and December 2018, a 16.4% increase on the 15,551 requests for the previous six months. More>>

ALSO:

'Hit And Run' Inquiry: New Legal Action Over Secrecy

The lawyer representing the Afghan villagers in the inquiry into Operation Burnham has launched legal proceedings calling for a judicial review in the investigation. More>>

ALSO:

From Hydro Plan To...: Mokihinui River Land To Join Kahurangi National Park

A total of 64,400 hectares of conservation land in the Mokihinui River catchment on the West Coast north of Westport, including 15 km of riverbed, is being added to Kahurangi National Park. “Adding this area, roughly half the size of Auckland City, to Kahurangi is the largest addition of land to an existing national park in New Zealand’s history,” Eugenie Sage said. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels