The Government has unveiled in one fell swoop all the infrastructure projects that will use up all the $1 billion Housing Infrastructure Fund announced in July last year. The fund will back 40 roading, bridging and water projects across Auckland, Hamilton, Tauranga and Queenstown to underpin the opening up of 60,000 sections over the next ten years and up to 103,000 sections in the longer run.
It's still early days, but the new 40% deposit rule for landlords nationwide that formally kicked in from Saturday (but has been in effect since late July) does seem to be having a dampening effect on the housing market, particularly in Auckland.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Friday.
Nick Smith added Christchurch, Wellington and Tauranga to the Housing Accords list, the Government sold a stake in Invercargill Airport to iwi and a local firm won a big contract in the IRD's transformation project.