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Housing MInister Chris Bishop sets 'long-term' price target of three to five times household incomes (www.rnz.co.nz)

submitted 9 months ago by Ilovethebomb to c/politics

19 comments fedilink hide all child comments

National have committed to keeping most of the density rules they agreed to with Labour, with the tweak of giving councils a little more flexibility around where people can build up to three storeys. Overall a great move, and one that will hopefully have a downwards pressure on house prices.

They have also indicated they plan to build more state houses, as well.

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[–] BalpeenHammer 1 points 9 months ago (1 children)

Government already determines prices in the housing market through policies that limit supply, like restrictive zoning, and demand through preferential tax treatment, first home buyer subsidies etc.

Zoning is done by the local councils. Taxes and subsidies etc do have an effect but they are not the kinds of direct interventions that the right wing government is pushing. Certainly they didn't make concrete promised on house prices.

[–] Xcf456 1 points 9 months ago (1 children)

Zoning is done by local councils but central government sets the entire framework for how they go about that, and can set national direction and standards to shape it

[–] BalpeenHammer 1 points 9 months ago (1 children)

Zoning is done by local councils but central government sets the entire framework for how they go about that, and can set national direction and standards to shape it

Do go on. I am anxious to hear about this.