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Enabling better growth planning

The government’s new housing market data tool will make it easier for councils to address the demand and supply issues that are causing housing problems.

Monday, July 10th 2017, 11:30AM

by Miriam Bell

Property Council chief executive Connal Townsend

The Ministry of Business, Innovation and Employment (MBIE) has just released its Urban Development Capacity Dashboard which is a one-stop, online collection of housing market data.

It offers data on prices, rents, sales volume, total stock, consents, population, and housing affordability, along with interactive charts and maps.

MBIE manager of construction and housing policy Di Anorpong said the National Policy Statement on Urban Development Capacity (NPS-UDC) directs councils to allow enough development opportunities in their plans to meet demand for housing and business space.

The dashboard, which is to be regularly updated with  new CoreLogic and Statistics NZ data, will provide councils with better evidence and allow them monitor their progress more effectively, she said.

“For council planners, being able to feed in up-to-date land prices and development costs across a council area gives a more realistic picture of whether a property development is likely to go ahead or not.

“The dashboard and the other aids will allow council planners to integrate the data with their own information and be alert to emerging trends earlier. “

The dashboard, which can be accessed here, is part of a larger MBIE work programme that aims to help high- and medium-growth councils deliver better urban planning.

Property Council chief executive Connal Townsend said New Zealand needs to work smarter in accommodating growth and the dashboard will help with that.

Much of Auckland’s current housing crisis is linked to the previous Auckland Regional Council’s lack of growth planning, despite an ever-increasing population, he said.

“We can’t have this situation repeated in other New Zealand cities that need to house a growing population.”

Townsend said the NPS-UDC is essentially an active move by central government to force councils to release land and plan and manage their urban growth.

“The release of land is one part of planning for growth, of equal importance is how we fund and provide the infrastructure like transport, schools and parks to create prosperous communities and cities.”

In his view, the dashboard will enable councils to undertake data-based planning and better respond to growth pressures.

“Giving councils assistance and access to this data is crucial to ensuring growth pays for growth and that a city doesn’t suddenly find itself without good public transport and affordable housing.

“These are the important building blocks that make up a vibrant, thriving city.

“This is about being proactive towards growth, understanding the supply and demand pressures, and planning accordingly.”

Read more:

New urban development policy ready to go 

Council must open up land to match growth 

« Top 10 dynamite growth areasOpportunities in childcare sector »

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 5.44 - - -
AIA - Go Home Loans 7.99 5.99 5.69 5.69
ANZ 7.89 6.59 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.99 5.69 5.69
ASB Bank 7.89 5.99 5.69 5.69
ASB Better Homes Top Up - - - 1.00
Avanti Finance 8.40 - - -
Basecorp Finance 9.60 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.94 - - -
BNZ - Rapid Repay 7.94 - - -
BNZ - Std 7.94 5.99 5.69 5.69
BNZ - TotalMoney 7.94 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.79 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 7.65 5.99 5.75 5.69
Co-operative Bank - Standard 7.65 6.49 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.40 6.10 -
First Credit Union Standard 8.50 7.00 6.70 -
Heartland Bank - Online 7.49 ▼5.65 ▼5.55 ▼5.55
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.00 6.50 -
ICBC 7.49 5.99 5.65 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.75 6.89 6.59 6.49
Kiwibank - Offset 8.25 - - -
Kiwibank Special 7.75 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 8.44 ▼6.39 ▼6.09 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.99 6.95 6.29 6.29
SBS Bank Special - ▼6.15 5.69 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 5.44 ▼5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.69 6.79 6.49 6.49
TSB Special 7.89 5.99 5.69 5.69
Unity ▼7.64 5.99 5.69 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 8.50 ▼6.19 ▼5.79 -
Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
Westpac Offset 8.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 6.29 5.79 5.79
Median 7.99 6.17 5.79 5.69

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