Property Institute of New Zealand CEO Ashley Church commended the practical proposals outlined in the Mayoral Housing Taskforce Report, to address Auckland’s housing shortage. Church says, “Finally, we have one of the key players recognising that the shortage of housing in Auckland will only be resolved through substantial private sector involvement and coordinated public/private planning”.

The report identified three crucial areas that need to be addressed in-order to increase housing supply in Auckland.

Remove impediments to the construction sector developing at scale, including identifying investors who can build through the  dips to lift construction in the peaks.

• Unlock the availability of land with appropriate zoning and infrastructure, at the right price, to enable more development, faster.

• Deliver efficient and certain planning, consenting, and risk management to reduce costs, enable innovation in construction and delivery, and create communities with high-quality built and urban form outcomes.

According to Ashley Church where the report lacks however is in addressing the issue of ‘market incentives’.

“There’s some great proposals in this document – but when push comes to shove you still need to give people reasons to buy new dwellings in preference to existing dwellings. That can be achieved through positive incentives such as tax or rate concessions – or punitive incentives such as higher LVRs on the purchase of existing homes or higher rates on undeveloped land. Some of these could be implemented by Council – some would require cooperation from other parties”.

Read the original source article here

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