Lamia makes salient points here especially the five policy planks further down the post.
However, I feel there is a sixth plank missing although this is unique to Auckland. That is the Proposed Auckland Unitary Plan is under Hearings at the moment.
With the Residential Zones making their way through workshops, mediation and then the Hearings in October I am reluctant to do anything gun-ho on trying to get the supply side moving any more than the Special Housing Area (as cumbersome as some of them are).
Why?
Well check this:
And this is before we even get the Rezoning exercises next year before the entire Plan goes live in about 12 months.
The point being is we dont know what changes to the Policies, Development Controls, or even the quantity of the medium and high density zones will do to potential development yield thus supply.
Will we get liberalisation that allows a greater amount of housing choices to be built thus bring the “crisis” under control or will the reverse happen and things get really bad.
We just do not know until the final version of the Unitary Plan is brought into operation next year. Once it is then we can work on things like Kiwi Build and even some of the demand side stuff.
By Lamia Imam
The current National government stopped recording the number of overseas residents buying houses in New Zealand. There’s actually no way for us to know the extent of damage non-residents are causing by buying up houses that apparently are rightfully ours. The way the Herald chose to present the problem in yesterday’s story is not only xenophobic but statistically unsound. The story is about a large chunk of buyer’s name being “Chinese”. Basically we have resorted to racially profiling buyers to explain why Kiwis are unable to buy their own homes? This is particularly heinous, given other surveys show that British and American buyers also make a chunk of the foreign purchase of Kiwi homes. And on top of that, Labour’s solution is really not a solution but rather an idea with little policy merit.
Keith Ng over at Public Address has broken down the actual number, addressing the…
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Talking Southern Auckland 