tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, November 1st, 10:39AM

News

rss
Latest Headlines

Collaboration key to urban development

Central and local government and industry must work together to ensure that the Government’s proposed new urban development strategy is successful.

Friday, October 11th 2019, 10:20AM

by The Landlord

That’s according to the Property Council, Infrastructure New Zealand and the Master Builders Association.

Restrictive planning laws have driven up the price of land and housing and left many New Zealand cities unable to grow and develop effectively.

This has long been identified as a problem which needs to be addressed.

And, back in August, the Government released its proposed National Policy Statement on Urban Development (NPS) to try and do so.

It proposes new rules for how councils, particularly in high growth centres like Auckland, Hamilton, Tauranga, Wellington, Christchurch and Queenstown, should plan for urban growth and development.

Submissions on the NPS closed this week and this has prompted the Property Council, Infrastructure New Zealand and the Master Builders Association to speak up.

The three organisations support the purpose of the NPS but say it must be underpinned by clear strategic and collaborative planning processes which include all key stakeholders.

Property Council chief executive Leonie Freeman says that in order for the NPS to avoid the mistakes of the past and succeed in its objectives, must better identify processes for collaboration and planning.

“Mandating strategic planning between local authorities, central government and industry is critical to the success of the government’s proposed National Policy Statement on Urban Development.”

“We need to start talking to one another and commit to coordinated planning between central government and local authorities at an urban level.

“This would ensure planning and funding for future development and infrastructure such as hospitals, schools and transport is coordinated across local authorities.”

Freeman also believes the policy should be taken further and it should be mandatory for all medium to high growth councils as this will ensure they aren’t left behind in planning decisions and are prepared for future growth.

“Aligning the FDS with council’s current planning system, in particular long-term plans and 30-year infrastructure plans, is also key to unlocking New Zealand’s growth potential.”

For Infrastructure New Zealand CEO Paul Blair, urban growth management to date has failed in New Zealand resulting in poor housing outcomes and infringement upon highly productive land.

That means that improved central guidance through an NPS will help, but the reason growth cities are struggling is not because of poor central planning guidance, he says.

“Inadequate funding for infrastructure, weak governance and statutes which don’t align are the real problems. The two NPS documents on urban development and highly productive land, if anything, exacerbate integration issues.

“We need a much more collaborative process to align the public and private sectors, iwi and communities at every stage of urban development’s planning, funding and delivery. Spatial planning and the Construction Sector Accord are recent positive actions which we’d like to see expanded into urban growth management activities nationwide.”

Registered Master Builders CEO David Kelly agrees, but adds that signalling from central government and local authorities is also important. “A forward work programme will provide certainty in the sector when making business decisions around employment, training and business investment.”

Read more:

New policy to address “failing cities” 

Govt opts for sweeping review of underperforming RMA 

Tags: Auckland compliance construction consultation developers house prices Infrastructure investment Property Council property investment property values strategies supply urban development

« Green light for property investment crowdfundingPrefab changes don’t address finance issue »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

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

Last updated: 30 October 2024 9:36am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com