HOUS­ING GO-ROUND

The Tribune (NZ) - - OPINION | CONVERSATIONS -

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

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.