Wellington (29 March 2017): The Productivity Commission’s latest report underscores the importance of a fit-for-purpose planning system, and just how far the current arrangements are from this ideal state, says The New Zealand Initiative.The Better Urban Planning report details how the current planning framework, principally the Resource Management Act 1991, has failed to achieve the economic flexibility and environmental protections it set out to achieve. Instead the commission is proposing a substantial overhaul of the planning system.“After 26 years the costs of... 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.