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How Are Policymakers Dealing With Red-Hot Property Bubble?

Thursday, 4 March 2021, 6:51 am Summary The government and the Reserve Bank are leaving no stone unturned to calm the overheating housing market fuelled by record-high property prices. The policymakers are adopting various methods to tackle the housing crisis, like adding housing to RBNZ’s mandate, enforcing firmer LVR restrictions and scrapping RMA. It is yet to be seen whether these approaches will make any significant difference in controlling super-charged housing prices. Since the onse...
New Zealand New Zealanders Citizen Community Foundation For Public Interest Journalism Real Estate Institute Of New Zealand Monetary Policy Committee

Wellington Curtain Bank Is Set To Open Doors On 1 March With Full Shelves Thanks To More People Renovating Their Homes

Thursday, 25 February 2021, 4:14 pm “We’ve noticed a massive increase in donations since the COVID-19 lockdown in March 2020 and the quality is just brilliant. Most of the curtains are 2-3 years old,” says Community Manager, Susie Robertson. “We’ve spoken to people as they’ve dropped them off to us and many have said that they’re renovating their home instead of going on holiday,” said Robertson, “good for us and the planet”. “Our customer service team at Sustainability T...
Wellington Region New Zealand New Zealand General Susie Robertson Community Services Card Citizen Community

New Report Highlights How Our Housing Crisis Could Worsen If We Don't Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ...
New Zealand New Zealanders Leonard Hong Citizen Community Zealand Initiative Foundation For Public Interest Journalism

Demand Side Tinkering Will Be Just That – Supply The Key

“ A new housing report from the New Zealand initiative confirms again what ACT has been saying for a long time – housing supply needs to be focused on from all angles,” says ACT Deputy Leader Brooke van Velden “ACT has long said the only ...
New Zealand New Zealanders Grant Robertson Brooke Van Velden Citizen Community Foundation For Public Interest Journalism

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Minister Waffles, Renters In The Cold

Thursday, 18 February 2021, 4:03 pm “Housing Minister Megan Woods’ vague promises of supply measures to ease housing pressures won’t help a single renter struggling to get a roof over their head,” says ACT Housing spokesperson Brooke van Velden. “TradeMe data out today shows the median weekly rent for medium houses across New Zealand reached a new record in January, while the biggest annual increase was in one-to-two bedroom houses. “Year-on-year rental inquiries on the TradeMe sit...
New Zealand Megan Wood Jacinda Ardern Citizen Community Foundation For Public Interest Journalism Minister Waffles

Salvation Army Report Points To Serious, Embedded And Ongoing Hardship

Covid-19 cast a large shadow over our whenua. Inequality, already entrenched in Aotearoa, was magnified and exacerbated by the impact of Covid-19. The Fourteenth annual State of the Nation 2021 report from The Salvation Army, “Disturbed Present. ...
Ian Hutson Catherine Booth Salvation Army Social Salvation Army Salvation Army Report Points To Serious Salvation Army Red

Hāpai Te Hauora Welcomes New Tenancy Rules Providing Additional Security For Renters

Thursday, 11 February 2021, 7:31 pm The Residential Tenancies Amendment Act 2020 is being rolled out in three phases, with phase 1 changes in effect since 11 August 2020. The amendments coming into effect today will build on initial changes introduced in 2020, empowering and providing security for renters in a New Zealand that is in the midst of a housing crisis. The changes under the Residential Tenancies Amendment Act include: - limits to rent increases to once every 12 months - tenants maki...
New Zealand Renei Ngawati Terana Boyd Citizen Community Foundation For Public Interest Journalism Public Health Advisor For Minimisation

RMA Reform Alone Won't Bring Meaningful Change

Wednesday, 10 February 2021, 12:41 pm The Government needs to show more urgency and commitment if it ever wants to make meaningful strides towards solving the housing shortage and getting wins for the environment. National’s spokesperson for Housing and RMA reform Nicola Willis says first-home buyers will be disappointed the Government isn’t moving fast enough to make house building easier. “House prices have risen more than 40 per cent since Labour came to office, yet Labour has shown no...
David Parker Scott Simpson Nicola Willis Citizen Community Foundation For Public Interest Journalism Zealand National Party

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