The housing supply shortage is worse than expected. That makes it even more important that government focuses on the key barriers to getting more houses built. Perhaps counterintuitively, that may mean putting Kiwibuild to the side. Last week, Phil Twyford announced the results of his commissioned stocktake on the housing crisis. The results are damning. The growth in housing stock since 2012 has been far too low. Read more
Housing affordability is an important issue to all New Zealanders and a pressing concern for many kiwi families. The high cost of housing is also one of the drivers of New Zealander’s high level of private indebtedness, and is an issue of intergenerational equality.
The Initiative’s research into housing affordability takes a different approach to the usual proposals of either just freeing up land and dropping regulations, or compelling a reluctant population to live in high density estates.
Instead our research focuses on the context in which development takes place: local government. In particular we examine the link between local government finance, and the incentives for local councils to develop land for housing.
There is a missing link between discussions of housing affordability (or rather a lack thereof) and finding workable financing management that allows local government to fund required infrastructure upgrades. By examining international best practice, we aim to close this gap with our research project.