Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Property's Budget Wish List: Let’s Take The Chance To Build Back Better

“Budget 2021 provides the opportunity for the Government to be bold and break down barriers to development, helping New Zealand build back better as we ramp up the COVID recovery,” says Property Council New Zealand Chief Executive Leonie Freeman.

“Most New Zealanders just want somewhere warm, dry, and healthy to call home. For this to happen we must enable sustainable development and create communities with supporting infrastructure and services that allow future generations to thrive.

“The Budget 2021 is the Government’s chance to be bold and give our communities the tools we need to develop the housing, social and economic infrastructure and facilities they need to live healthy, full lives.

“The Property Council advocates for what we think will get more done. Whether it is unlocking Build-To-Rent, reducing costs and red tape incurred by illogical Resource Management laws or pushing for more resilience and sustainability in new developments, we know that the Budget presents an opportunity to get the settings right to drive change.

“Our Budget Wish List is simple and focuses on five key areas:

  1. More support and resource for local councils to free up land and build more houses
  2. Reform our planning laws so that the system says “yes” and embraces further sustainable development
  3. Make sure our tax system is fair and doesn’t place unnecessary burden on mum-and-dad landlords and developers
  4. Provide certainty and transparency around national transport and infrastructure projects with clear timelines and committed funding
  5. Imbed incentives that help every fraction of our community to change behaviours that mitigate against climate change and reduce our emissions.

“Tools that help incentivise local councils to make more land available for housing are critical. Whether it is financial incentives or giving the Councils more powers to speed up consenting, it is a no-brainer to ensure there are as few barriers as possible to consenting.

“Likewise with planning law and tax reform. Reversing interest deductibility would have a tangible effect on ensuring mum-and-dad investors and property developers aren’t unfairly struck with extra costs that are inevitably passed on to home buyers.

“The Infrastructure Commission’s consultation on a 30-year strategy for delivering infrastructure is timely and will mean greater certainty and transparency for Kiwis. Ultimately though, this needs to be backed up by commitments from government on funding, providing certainty that these projects will be delivered.

“We hope the Government and other parties will be equally as brave to suggest necessary changes to help New Zealand build back better, stronger and more resilient.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


REINZ May Data: House Price Rises Continue; Auckland Hits New Record Median Price Again

Median prices for residential property across New Zealand increased by 32.3% from $620,000 in May 2020 to $820,000 in May 2021, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand... More>>

Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>

E Tu: ‘Sense Of Mourning’ As Norske Skog Mill Set To Close

Workers at Norske Skog’s Tasman Mill now know they’ll be losing their jobs in little over a month’s time.
On Wednesday afternoon, workers were told the mill will be stopping production from the end of June... More>>

Auction: 1.4 Million In Rare Vintage Watches, Gems, Jewels & Diamonds Go Under The Hammer At Webb’s

An auction event showcasing over 1.4 Million dollars in rare jewels, gems, diamonds and vintage watches is due to take place this Sunday by Auckland based auction house Webb’s... More>>

Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>

E-Commerce: Over 40% Of Those Engaged In The Bitcoin Community Are Millennials

Bitcoin has emerged to be a popular topic among millennials with digital currency increasingly being viewed as a potential source of creating wealth through investments. The interest in bitcoin by millennials signals the role this age group plays in the possible realization of the digital currency’s mass adoption... More>>