More Money, Few Solutions for Housing Crisis
26 MAY 2016
FOR IMMEDIATE RELEASE

The Government is throwing good money after bad regarding the extra $100 million boost to develop Auckland housing as announced in Budget 2016 according to the Taxpayers’ Union. Its Executive Director, Jordan Williams, says:

“Instead of cutting the regulatory taxes choking housing supply, once again politicians are trying fix a regulatory problem by trowing more money at it.”

“The solution to Auckland’s housing crisis is simple and free. Cut the regulatory red tape, adopt the Labour Party’s policy of abolishing Auckland Council’s metropolitan urban limit, and free up the limits on supply.”

“The only silver lining from today’s Budget announcements is reference to a new ‘National Policy Statement on Urban Development’. A generation of renters are hoping that the Policy Statement comes soon and reins in those Councils that are holding up housing supply.”

ENDS