Editors choice comments
Amazing. I hope someone from the major News channels reads this article. i'd like to see it all over the TV news.
The message to developers is clear.
Bring lawyers, and popcorn. This is gonna be some spectacle: the Planners vs the Builders.
I've been to 3 auctions in the last couple of months, tagging along with mates. 2 two bed brick and tiles, and a 3 bed do up, out west and on the shore. The auction rooms were full of young couples, and a couple of middle agers. take a guess who the property's went to. I'm not typically the emotional type, but it was genuinely heart breaking.
Woh! Revelation! He's a lemming! "home ownership rates around the world, actually, have been reducing" So because the rest of the world's going down the gurgler, it's OK if we are too? Right wing economics driven by bankers at work.
the budget of this policy - 750K - is less than the price 1 house in Auckland. I think it won't make much difference
Is looking back going to do anything today ? How about the incumbent Government is honest about the situation and makes a meaningful attempt at putting measures in place to allow a reasonable standard of life in this country.
All the rest, including the blame game is meaningless rhetoric that takes away from the focus that is required on the problem smacking us relentlessly in the face...
So you're saying 8 years isn't enough time?
Q) Do you know what wouldn't take 8 years to do?
A) Legislative changes to reduce investor / foreign demand and tempering the current immigration intake.
Lies, damn lies and statistics.
This article illustrates quite well that the problem isn't so much supply, it is the availability and serviceability of debt really driving these house prices. Banks conjure money into existence, people borrow the absolute limit and then some, and then spend most of their working life enslaved trying to pay it off.
If you try to be responsible, for example, by wasting your time educating yourself, or saving a more substantial deposit you get financially slaughtered as they keep pumping the credit and inflating the bubble around you.
No way out of the madness...by: xelnaga
More sections for building standalone houses? 740 houses.. wow!!
Just bring the canes, the cheap labour and build some good apartment buildings. In 1 or 2 years Auckland could have not hundred of houses but thousands of new apartments which, as I understood, they are very much needed. As if speculators cared about supply. The more houses the more rich people!
Haven't you learned anything?? In Spain (42 million population) in the best times of our property development between 2002-2007 we were building up to 800.000 houses and apartments PER YEAR. Yep, more than Germany and England together....by: muntijaqi
740 more homes in 2 years time - I doubt that will make much of a dent. Nick smith may as well take up a carpentry course and help build them himself!
I think we need more of a fundamental change, not just some tinkering here and there to build the odd house...
But they are not "opening the door" as you say. The Lange govt opened the door a long time ago. Did you read that part?
The article is basically saying this is a 274 million give away to our exporters. If you think that deserves a negative spin, please have a crack at it.
Auckland Council has planners!
Not seen much evidence of that, it has to be one of the most un-planned cities going.
You are kidding right...
>> mouldy, damp, cold and insecure housing
I 100% agree with Bernard.
New Zealand ranks near the bottom of the OECD in its health and safety rating for its children (Public Health Advisory Committee, 2010). One of the key drivers of this is the relatively poor state of our housing. Young children spend virtually all of their time in the home environment, much of which is poor quality rental housing (Baker, Keall et al., 2007). The Children’s Commissioner’s Expert Advisory Group on Solutions to...
Here is the paper:http://igps.victoria.ac.nz/publications/files/...by: @tony
As long as there is land banking going on, and there is lots, the council have failed to rezone enough land.
Come back to us when the price of land isn't 10+ times as much on the urban side of the boundary than the rural side.
Sorry, not good enough, they deserve to be overridden by Government.
by: Zombie ponzi
Yes I'm still astounded how much sales cost the Real Estate Agents are charging here, with an average of: 4% of the first $300,000 plus 2% of the balance plus GST. That's just day light robbery!!
Over in the UK the average home sale commission is: 1.25% and that includes all the marketing costs. Well at least when the market starts to decline, the Real Estate Agents will have to be more competitive and drastically reduce their rates.
If only it were that easy, Phil.
Let's start with the RUB/MUL/UGB. Every council in the country has a RUB even if they don't call it that. What we are really talking about is the non-statutory zones that councils use to direct where residential development takes place. Councils without lines called RUB's still have edges to their zones - it amounts to the same thing. The RMA was never designed to manage these ever-changing zones so, as we are repeatedly told, the process of adding new zones is cumbersome (councils' fault not the RMA's). Because of that, the district plan is basically a...by: Donald Ellis
As far as Auckland and Northland are concerned this is all to pay for the completely unnecessary Waikato transmission upgrade. That cost could have, for example, built huge wind and tidal power generation in and around the Manukau. With that and the already in place gas fired peakers, increasing domestic solar and energy efficiencies generally Auckland should have had no need to import more electricity.
The Far North is already well on the way to sending power south with the consent for the 2nd and 3rd stages of development of the massive Ngawha geothermal field near Kaikohe.
It'll be sweet...by: Kiwidave
Hamish Gow and I are on the 'same page' to the extent that we both believe that the global dairy market has indeed changed,. But predicting a price of less than $5 for 'several years', as Hamish has done on RNZ, is somewhat 'brave', and in my opinion under-estimates volatility and the associated short term unpredictability.
Marginal costing issues are important, both globally and in NZ.
Here in NZ, fixed costs tend to be high and 'sticky'. Hence reducing feed inputs can easily result in reducing revenue by an even greater result because most...by: keithwoodford
The old rationale was that Meridian and other southern generators would pay for HVDC upgrades to get access to the North Island market. The new theory seems to be that Auckland customers should pay more for access to southern generators.
Economists can debate the worthiness of any arrangement in terms of market purity. It just depends whether the company they work for gains or not from the change!
The thing which gets me is that this extra applies only to newly constructed projects. Why is that?
And let us not forget that when the HVDC upgrade project was being consulted upon, Meridian agreed...by: Uninterested
Why do you think the RBNZ is talking about DTI rules? It's about financial stability not 'dragging down' prices for low income families.
by: Zombie ponzi
BS. I did. 12 years ago I had nine houses. The highest rent I charged was $150 per week, only three of my tenants received an accommodation supplement (they were on a benefit) and none of them really needed it. they were just lousy budgeters. I ran some tight budgets and wouldn't pay ridiculous sums for a house. I covered all my costs nicely. And then the market went stupid ... and I mean really stupid...! And that;s the whole point - investors are paying really really stupid prices for very basic homes, charging exorbitant, unrealistic and just greedy rents on the premise that they are...
has he seen some polling that things are not going well,
needing to take the discussion away from housing and trusts as it is starting to hurt
so early to be coming out with an election bribe.
"Philosophically there's quite a lot of support in our cabinet for tax cuts," Key told his weekly post-cabinet news conference.
Translation: There ain't no way we're ever gonna solve housing problems or poverty, or make any headway into problems with the health and education systems, so let's give it all away in a lolly scramble and earn us a few votes.