Tag Archives: Demand and supply

Govt to open up more land for houses

Twenty years ago the average price of a house cost around four times the average income but now it is nearly double that.

### tvnz.co.nz 5:30AM Monday October 29, 2012
‘No silver bullet’ for housing affordability crisis – PM
Source: ONE News
Prime Minister John Key says fast tracking the supply of land should help solve the current housing affordability crisis. The long-awaited housing plan is due to go before Cabinet today to be signed off, seven months after the Productivity Commission released a report on housing affordability. […] “The sorts of things the Productivity Commission is talking about, and the Government’s going to adopt, is how do we speed up the supply of land so that’s both what we call greenfields, paddocks sitting out there that you extend the urban limit, and secondly brownfield development, so that’s where you don’t have a lot of intensification in a certain area but you allow that to happen more quickly.” […] The soaring price of property has been blamed on a shortage of availability, and Key told TVNZ Breakfast this morning that changing the Resource Management Act (RMA) to speed up the development of land will help solve the supply and demand issue. He said the RMA process at the moment it is often arduous and long – to the detriment of the consumer.
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New Zealand Productivity Commission

“We’ve got to be careful about Government not blundering in here too much into council business because we don’t understand all the local issues.”

The Government plans to change local government legislation and the Resource Management Act to make it easier for developers to build houses. Finance Minister Bill English wants to make more land available for housing – and to speed up consent processes. [Today] he will take a paper to Cabinet, outlining a response to a Productivity Commission report on housing affordability. Finance Minister Bill English said the cost of building is too high and there is a supply shortage, particularly of good quality, lower priced housing.

“The Government owns $15 billion worth of houses, and, in most cities, the best opportunities … [are] on the government-owned Housing Corp land.”

Tackling the high cost of home ownership:
* Government will work with councils on urban planning to make it easier to build houses on “greenfield” sites outside city boundaries and on “brownfield” sites within cities.
* Further Tamaki Transformation-style redevelopments of state housing assets will be done.
* Changes will be made to the Local Government and Resource Management Act to make it easier, quicker and cheaper to build houses.
* Building costs will be reduced through work on the Building Act.

### radionz.co.nz Monday 29 October 2012
Morning Report with Geoff Robinson & Simon Mercep
07:15 Government to change rules to make houses more affordable
The Finance Minister, Bill English, has indicated that changing the planning and consent process is among the changes. (4′57″)
Audio | Download: Ogg Vorbis MP3 | Embed

### radionz.co.nz Monday 29 October 2012
Morning Report with Geoff Robinson & Simon Mercep
08:12 Cabinet to decide today to relax planning rules for housing
The Cabinet will decide today on changes aimed at making new houses more affordable. (3′13″)
Audio | Download: Ogg Vorbis MP3 | Embed

### radionz.co.nz Monday 29 October 2012
Nine To Noon with Kathryn Ryan
11:07 Politics with Matthew Hooton and Josie Pagani
Talking today about the Governments response to the productivity commission. (24′02″)
Audio | Download: Ogg Vorbis MP3 | Embed

Posted by Elizabeth Kerr


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