The Auckland housing supply shortage continues to dominate the political and economic landscape in the lead up to the 2017 election campaign, which is just over a year away.
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.
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.
Whispers about the potential creation of an Urban Development Authority in Auckland have been circulating in Wellington for a few weeks, but John Key lifted them out into the open over the weekend.
For the convenience of email subscribers, here's my weekend column on how Nick Smith is hoping to change the expectations of land bankers sitting on 45,000 sections in Auckland by ramping up land supply and killing the Metropolitan Urban Limit.
Building and Housing Minister Nick Smith and Auckland Mayor Len Brown are hopeful a surge of consents for new sections under the Accord will put pressure on land prices and convince bankers to release land for development.