New housing infrastructure agency

The Government seems to have made as much noise and effort in trying to address housing problems this year than in their previous eight years in power. Housing has become both a critical problem and a critical election issue.

A new announcement yesterday: Govt sets up new housing infrastructure agency

The government is setting up a new agency to speed up the building of housing, starting with a fund of $600 million.

Crown Infrastructure Partners (CIP) will be given $300m in each of the next two years, to co-fund basic infrastructure especially, but not only, in Auckland.

The government’s named the first two projects to be considered for funding, one in Drury in Auckland’s rural south, and the other at Wainui in the city’s northern rural area.

The Drury development by Stevenson Limited could be eligible for up to $68m for roading, water and transport spending to accelerate the start of 700 homes by up to two years.

Up to $149m could be available for new roading around the Wainui area near Silverdale.

The fund is the second housing initiative in a fortnight by the government, which unveiled its $1 billion Housing Infrastructure Funds chosen projects 12 days ago.

These sorts of things and this sort of expenditure takes time to set up but one could be a little cynical about the timing.

Related to this: Immigration, tourism continuing to surge

Official figures show a net migration of a record 72,300 people in the year to June; 131,400 people arrived and 59,100 left.

For the month of June, there was a seasonally-adjusted net gain of about 6400 people – the strongest since the start of the year.

“Annual net migration has been steadily increasing since late 2012 when we had more departures than arrivals,” Statistics NZ population statistics senior manager Peter Dolan said.

Westpac senior economist Satish Ranchhod said New Zealanders were choosing to stay put.

“The number of New Zealanders moving offshore remains very low, and we continue to see large numbers of New Zealand citizens returning from Australia.

“The net outflow of New Zealand citizens is at its lowest level since 1984 … this accounts for half of the pick-up in net migration since 2011.”

While the number of new immigrants is a contentious issue a lot of the reason for the increase in net immigration is the slowdown in the numbers of New Zealanders leaving and an increase in the numbers returning.

Ironically Chinese money, builders contribute to Auckland housing construction

Chinese money or Chinese builders are contributing to almost a third of all residential construction under way in Auckland.

A top economist says that the billions of dollars of Chinese investment flowing into the New Zealand industry is badly needed.

 

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2 Comments

  1. Tipene

     /  July 24, 2017

    I’ve seen the Social Housing Register.

    Newsflash -there aren’t any houses, and even if they were, the Social Housing priority criteria for allocation, in order, is:

    Maori families

    Pacific Island Families

    Pakeha Families

    Let’s see which journalist confirms this.

    Reply
  2. sorethumb

     /  July 24, 2017

    National do nothing about immigration
    http://imgbox.com/hPbuHrAE

    Reply

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