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Building house

Media Release: NZ Initiative praises Prod Comm's planning report

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

Media Release
29 March, 2017
Housing1

Time to slash housing's Gordian knot

This week business journalist Bernard Hickey took his pen to the subject of housing, listing the factors that have unintentionally conspired to create New Zealand’s housing affordability crisis. It is a piece worth reading because it offers a glimpse into the complex and intertwined regulations and constraints that prevent the housing market from functioning like every other market. Hickey calls it a Gordian knot. At the core of this entanglement lies an infrastructure problem. Read more

Jason Krupp
Insights Newsletter
17 March, 2017
Building house

Media release: Thumbs up for Twyford's housing bonds

The New Zealand Initiative says Phil Twyford’s infrastructure bonds are a workable policy that could solve the funding problem that is choking off housing supply in New Zealand’s fastest growing cities.The Housing Spokesman for the Labour Party recently announced a policy that would allow homeowners to pay off the core infrastructure over the life of the asset using bond financing.“We’ve been advocating for this policy since 2013. Read more

15 March, 2017
Housing1

We need an apples-for-houses comparison on immigration

Let’s engage in an absurd exercise. Do immigrants, just in coming to New Zealand, make apples more expensive? The answer is no in the grand scheme of things. Sure, if a group of apple-loving foreigners was big enough, demand would exceed supply, and the price would rise in the short-term. But that price rise would attract producers and sellers, supply would pick up to match demand, and pretty soon the price spike would subside. Read more

Jason Krupp
Interest.co.nz
7 February, 2017
Key in door housing

A wake-up call for global housing policy

This week, the Initiative scored plenty of media mentions – not just in New Zealand but worldwide. Under normal circumstances, this would be a reason to celebrate. However, the occasion is bittersweet.I was honoured to provide the foreword to Demographia’s annual housing affordability survey. Over the past decade, the Demographia surveys have become a benchmark in international house price comparisons.Each year, the global affordability problem is getting worse. This year was no exception. Read more

Dr Oliver Hartwich
Insights Newsletter
27 January, 2017

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