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Council to reconsider options for mothballed subdivision as a building boom leads to a lack of land in Gore
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Will more houses mean cheaper houses?
Overseas experience( ireland for example) shows that more houses alone does not necessarily bring the price per house down especially when the main component of the high price is land.
In a capitalist system developers do not build houses to sell them at a loss. Banks do not lend them money to do it either.
So state intervention is needed -SOCIALISM!- if Labour actually wants home ownership for the majority of the population.
Past Labour governments did it – state control of land prices. Laws that prevented land banking. State Advances loans.
Further inaction will lead to the voter apathy that can cost Labour the next election. I recognise that many Labour MPs are property owners who do really give a fuck whether people own houses or not but if they want to keep their bums on seats in parliament and keep their ministerial salaries they better do something now.
Press Release – Statistics New Zealand A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises, construction statistics manager Michael …
A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today.
“The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said.
There were 41,028 new homes consented in the March 2021 year, 42,848 in the April 2021 year, 43,466 in the May 2021 year, and 44,299 in the June 2021 year.
2021-07-30 02:05:19 GMT2021-07-30 10:05:19(Beijing Time) Xinhua English
WELLINGTON, July 30 (Xinhua) A total of 44,299 new homes were consented in the year ended June 2021, New Zealand s statistics department Stats NZ said on Friday. The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises, construction statistics manager Michael Heslop said in a statement. Much of the recent growth in the number of new homes consented has been multi-unit homes, such as townhouses, units and apartments, particularly in Auckland, Heslop said.
The number of new homes consented per 1,000 residents was 8.7 for the year ended June 2021, up from 7.5 in the June 2020 year.
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“Much of the recent growth in the number of new homes consented has been multi-unit homes, such as townhouses, units, and apartments, particularly in Auckland,” Mr Heslop said.
In the year ended June 2021 there were 19,777 new multi-unit homes consented, up 28 percent compared with the previous June year, and 24,522 new stand-alone houses, up 11 percent over the same period. Total new home numbers consented rose 18 percent in the latest June year.
Multi-unit homes accounted for 45 percent of all new homes consented in the latest year, up from 36 percent three years ago.
The year ended June 2020 included the COVID-19 level 4 lockdown period in late March and April 2020, which disrupted consent issuance across many councils.
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