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

 

Vision needed to plan for NZ’s housing needs

26 May 2016

Vision needed to plan for NZ’s housing needs

The Budget contains no quick fixes for buyers locked out of the property market.

Instead, Harcourts CEO Chris Kennedy says it is going to take visionary leadership from local government to deal with our chronic housing shortage.

If people were looking to today’s Budget to deal with the “housing crisis” they will be disappointed. Finance Minister Bill English has plainly said it is the responsibility of local government to free up land for development and speed up the consents process.

However, the Budget has allocated $100 million to free up more Crown land in Auckland for housing.

Mr Kennedy says low supply and high demand has been the stand out feature of Auckland’s property market for many years now. This is now having a “halo effect” on the rest of the country, with those priced out of the Auckland market looking to other cities and provincial New Zealand.

“Understandably people are looking to the government to do something about the ‘housing crisis’ but it is not that simple,” Mr Kennedy says.

“Obviously we can’t stop our population from growing. The only answer is to make it easier and cheaper to build new houses to cater for the demand.”

Over the next 30 years, Auckland alone needs 13,000 new houses to be built each year to cope with population growth. Currently just 9,500 are being built – and building levels are higher than they have been for over a decade.

“I have said for some time now that local government needs to change their rules which effectively make it unattractive to develop new housing.”

Mr Kennedy says Harcourts’ national residential figures for April 2016 show there has been a year to date drop of 20% in the total number of houses available to buy in New Zealand, but a 15.8% increase in the number of settled sales.

“People are still buying, but strong competition is driving prices up. The average house in New Zealand now sells for $548,208 – a year to date increase of 14%.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Teachers Strike: Nationwide Rallies And Marches

Teachers and principals voted for a full day strike to be held on 15 August to send a strong message to the Government that the current collective agreement offers from the Ministry of Education would not fix the crisis in teaching.

"There needs to be better investment in education so every child can reach their potential and we have enough teachers for every class", said NZEI Te Riu Roa lead principal negotiator Louise Green. More>>

 

Wellington.Scoop: City Council Ends Its Support For Jackson’s Movie Museum

The Wellington City Council and the Movie Museum Limited have today announced a mutually-agreed parting of the ways for a joint project between the Council’s Convention Centre and TMML’s Movie Museum... Both parties remain optimistic for the future of their respective projects. More>>

Pay Equity: Historic Settlement For Education Support Workers

The New Zealand Educational Institute (NZEI) and the Ministry of Education today signed Terms of Settlement to address a pay equity claim for 329 support workers who work with very young children in early childhood and primary schools. More>>

ALSO:

Gordon Campbell: On The Stereotypes About Jacinda Ardern

Routinely, female politicians get depicted as either show ponies or battle axes, with little room for anything else in between. .. More>>

Weekend Interviews: "Discriminatory And Racist" Aussie Deportations

The former president of Australia’s Human Rights Commission Gillian Triggs says deportations have risen dramatically in Australia since 2014 when ministers and ministerial delegates were given the power to cancel visas - and half of those being deported are New Zealanders. "These are massive numbers, actually escalating dramatically."... More>>

ALSO:

Legal Challenge: Prisoner Has 9 Boxes Of Documents Seized

Human rights organisation People Against Prisons Aotearoa says a prisoner they advocate for has had 9 boxes of legal documents seized from him just days before his case against the Department of Corrections was to be heard. More>>

Single-Use Plastic Bags: Govt To Phase Them Out

Single-use plastic shopping bags will be phased out over the next year, Prime Minister Jacinda Ardern and Associate Environment Minister Eugenie Sage announced today. More>>

ALSO:

Lesser Politicians: ACT Conference Promises Fewer Politicians

Party Leader David Seymour today revealed his Smaller Government Bill which will reduce the size of Parliament to 100 MPs, limit the size of the Executive to 20 Ministers, and remove the Maori seats. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages