Hopes the new Unitary Plan would unleash an imminent surge in housing development to address Auckland's housing crisis have been dashed for up to a year.
Nick Smith flagged yesterday that the Government is considering taking legal action to counter any delays forced on Auckland's Unitary Plan by the more-than-100 appeals lodged against the plan in the Environment and High Courts by residents' groups, developers and corporates.
For the convenience of subscribers, here's my weekend column in which I argue a land tax and/or targeted rates would change the expectations of unending tax-free capital gains with low holding costs that is driving a frenzy of land-banking in Auckland.
News around the political economy was relatively light yesterday so I've included an epic stash of Weekend Reads below for you all to get stuck in to. I know they're popular and it's going to be (mostly) a wet weekend.
Auckland's land-bankers took centre-stage in Parliament yesterday with Andrew Little challenging John Key over the 328 properties being marketed in Auckland as land-banking opportunities on TradeMe.
The Productivity Commission this morning released the draft report of its Better Urban Planning Inquiry, including a proposal for a permanent Independent Hearings Panel (IHP) and a push to separate legislation for the natural and built environments.
The Government came under more pressure on the issue of Auckland's housing issue/crisis/shortage yesterday.
In an almost anti-climactic series of Auckland Council votes just after 3pm yesterday afternoon, the Unitary Plan was passed four days ahead of its final deadline and largely intact.
For the convenience of subscribers, here's my weekend column in which I argue a much hairier target for this and future Governments would be to enable the building of the 131,000 extra houses in Auckland that the Unitary Plan creators say is needed over the next 7 years.
Now the dust is beginning to settle on the most famous USB stick in the history of the economy, it's worth looking at the key details and surprises in what would be a complete rewrite of Auckland's zoning rules. (There's more below too in the Hive News alert sent yesterday afternoon after I listened in to a Council briefing for media)