More land the answer? As the pressure on Auckland mounts in the supposed battle over how to house the city’s growing population it is sensible to look at why house prices are soaring.
Evidence from overseas, at least from the UK and Canada, clearly says that making more land available favours the speculators and developers and does nothing to make prices fall to the ‘‘affordable’’, 30% of gross income level.
Apart from that it reduces the options available, tarseals over good farmland and leads to less readily serviceable urban sprawl, which supports the use of cars rather than helping to make public transport more viable.
Interesting that both parties in Parliament favour the pockets of developers and speculators above [the needs] of those unable to afford reasonably priced shelter. Sad.
Ian Ritchie Feilding