Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


LGNZ encourages strategic thinking on housing affordability

LGNZ encourages strategic thinking on housing affordability


Local Government New Zealand (LGNZ) sees a strong need for central government, local government and the private sector to work together strategically to address housing affordability.

At an LGNZ Major Issues Seminar in Wellington tonight, LGNZ President Lawrence Yule will lead a panel discussion on housing affordability with Finance Minister the Hon Bill English, Auckland Council Deputy Mayor Penny Hulse, Economist Arthur Grimes and New Zealand Council for Infrastructure Development Chairman John Rae.

Homes in New Zealand are the second-most expensive in the developed world, based on the ratio of price-to-income, and the most-overvalued relative to rents according to a new Organisation for Economic Co-operation and Development report.

“There are many factors influencing housing affordability including financial instruments, banking policy, the costs of construction, our desire for big houses, supply of land and housing and consenting costs. The areas local government can influence – zoning land for development, setting rules for density, building and resource consenting, and provision of infrastructure – are just a small part of a wider and more complex picture,” says LGNZ President Lawrence Yule.

According to the 2012 Productivity Commission report on housing affordability, the cost of building materials is overheated and makes a significant contribution to the cost of a house. Some of the tools to deal with this, such as higher loan to value ratio requirements, are blunt and could potentially create problems in parts of New Zealand where affordability is not a pressing issue.

“In most parts of New Zealand there is no shortage of land zoned for housing, and councils in areas with shortages such as Auckland and Christchurch have made good inroads on zoning and consenting despite facing significant growth and challenges,” says Mr Yule.

Many councils have introduced efficiencies such as online systems to speed up consenting. The future development of a national online consenting system could offer further benefits and LGNZ is working with the Ministry of Business, Innovation and Employment to develop this concept.

LGNZ also considers a number of factors could be looked at to improve incentives, including a more appropriate allocation of risk sharing for councils through a review of current joint and several liability arrangements.

“However, in many parts of New Zealand affordable housing is less of an issue. We see a real opportunity to leverage off this and develop a shared strategy to strengthen regional economies to make other areas in New Zealand attractive places to live.”

“While our largest cities will always have affordability issues for many, local government, central government and private companies all need to work together to address the multi-faceted aspects influencing housing affordability because New Zealand communities need access to homes within their budgets,” Mr Yule says.

*Ends*

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Patience: Drive Safe

Be patient before passing is the AA's message for drivers this Labour weekend.

"People taking crazy risks to get past other vehicles is one of the most dangerous things on the road,” says AA spokesperson Dylan Thomsen.

“The weather is looking good for the long weekend so the roads will be busy. Unfortunately, that also increases the chances of people getting frustrated and trying a risky passing manoeuvre. When they get past, there will probably be more traffic up ahead anyway so it won’t get people there faster.” More>>

 
 

Parliament Today:

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Gordon Campbell: On The Tokenism Of New Zealand's Role Against Islamic State

Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn. More>>

ALSO:

Scoop Business: Shell And Todd Caught Drilling Without Approval

Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document released by the Green Party. More>>

ALSO:

Gordon Campbell: On Pharmac, Gough Whitlam And Sleater-Kinney

We’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations… More>>

ALSO:

PM Of Many Hats: Questions, No Answers On Whale Oil

Dr RUSSEL NORMAN (Co-Leader – Green) to the Prime Minister: How many times since November 2008 has he spoken with blogger Cameron Slater on the phone and how many times, if any, has he texted him?
Rt Hon JOHN KEY (Prime Minister): None in my capacity as Prime Minister. More>>

ALSO:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

ALSO:

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news