Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Property Institute Supports Southern Auckland City Proposal

Property Institute Supports Proposal to Build Southern Auckland City Proposal

Property Institute of New Zealand Chief Executive, Ashley Church, is applauding a Government proposal to investigate building a Southern Auckland City centred around Paerata and says that it represents the sort of big picture thinking that will ultimately resolve the Auckland Housing crisis.

Housing Minister Phil Twyford has flagged the idea of the satellite city which could eventually be capable of housing 500,000 people and could provide homes costing under $500,000 within 30 minutes of the Auckland CBD.

Mr Church says that the plan ticks most of the boxes required to solve Aucklands housing shortage:

“It envisages getting a very large number of homes built relatively quickly, it focuses on Auckland but proposes developing in an area where land prices are still reasonably priced, and it has a strong focus on providing lower cost housing for first home buyers”.

Mr Church says that the proposal is the latest in a series of innovative and practical ideas from the new Housing Minister and bodes well for the housing market.

“We supported Labours ‘Kiwibuild’ policy when they launched it last year – but this shows that they’re actually serious about putting it into action”.

Labours KiwiBuild scheme proposes building 100,000 new residences over the next ten years. The homes would be paid for by a $2 billion fund which would be ‘recycled’ as homes were sold and the funds reinvested to build more houses.

Other initiatives so far announced have included:

• A rent-to-own or similar progressive ownership scheme for first home buyers

• Banning foreign investors from buying residential homes and redirecting them into investment into the construction of new homes

• A ‘tweak’ to immigration numbers that will reduce pressure on housing without completely reversing a successful policy

However, Mr Church says that the Institute still has concerns over a couple of aspects of Labours housing policy and will be watching those areas, with interest.

“We note that the Government will be establishing a New Zealand Housing Commission as an Urban Development Authority and we remain concerned at the very real potential for this to become an anti-democratic bureaucracy that will ride roughshod over private property rights. We would like to see the Government introduce an element of competition into this model to reduce this risk”.

“We’re also eager to see the Government finding ways to mix it’s KiwiBuild scheme with private investment. While a target of 100,000 homes in ten years is laudable and ambitious – it still isn’t fast enough to address the pressing need we have right now – and getting private investors also involved in building new homes is the smartest way to bridge that gap”.


ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Compelling Case For Meatless Meat

Talk about living in a bubble. As vegetarianism and veganism become normalised – there are more options on restaurant menus! - it can be easy to think that the whole world is gradually giving up on meat. Alas, the reverse is true. Americans for instance consumed 100 kilograms of meat and poultry in 2018, up from 75 kilograms in 1960, according to the US Department of Agriculture figures... More>>


 
 

Government: Hundreds Of New Electric Cars For State Sector

Total of 422 new electric vehicles and charging infrastructure across the state sector $5.1 million for the Department of Conservation to buy 148 electric vehicles and install charging infrastructure $1.1 million to help Kāinga Ora buy 40 electric ... More>>

Pay Policy: CTU Public Service Unions Meet With Public Service Minister

The Council of Trade Unions and affiliated public service unions, met with the Minister for the Public Service Hon Chris Hipkins this afternoon to discuss the pay expectations of those working in our public services. CTU President Richard Wagstaff said it was ... More>>

Government: Further Action Against Gang Crime

The Government will make it illegal for high risk people to own firearms by introducing Firearms Prohibition Orders (FPOs) that will strengthen action already taken to combat the influence of gangs and organised crime to help keep New Zealanders and their ... More>>

ALSO:


Child Poverty: Reports Highlight Need For Ongoing Action

The Government has released the first Annual Report for the Child and Youth Wellbeing Strategy and the second Child Poverty Related Indicators (CPRI) Report, both of which highlight improvements in the lives of children as a result of actions of the Government, ... More>>

ALSO:

PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels