Nation: Twyford on Kiwibuild progress

This morning NewsHub Nation interviews Minister of Housing Phil Twyford on progress on the ambitious but slow  Kiwibuild programme.

@Jasonwalls92

Twyford says he has been talking to bother overseas and NZ investors about preprefab investment.

He says when KiwiBuild is up and running, he wants roughly half to be prefabs.

Twyford will not names of investors, but says the Superfund has shown interest. They have also expressed strong interest in Auckland light rail.

100 proposals for development of KiwiBuild homes Twyford says. Can’t say how many will get the contracts but will be making an announcement within the next few weeks.

On prefabs, it’s an area where banks have in the past been reluctant to issue mortgages because of the complex nature of the homes. Will be interesting to see what Twyford does to get around this issue, or how he’s going to work with the banks.

@NewshubNationNZ

Housing Minister Phil Twyford says the Kiwibuild unit in the Ministry of Building, Innovation and Employment is the ’embryo’ of the Urban Development Authority he hopes to establish next year.

The Government will formally “invite expressions of interest” from construction firms both internationally and in New Zealand on creating a prefabrication industry to meet Kiwibuild targets.

International construction firms? Chinese construction firms perhaps?

The Nation: Housing Minister Phil Twyford (transcript) http://www.scoop.co.nz/stories/PO1806/S00262/the-nation-housing-minister-phil-twyford.htm

15 Comments

  1. Blazer

     /  June 23, 2018

    ‘International construction firms? Chinese construction firms perhaps?’

    who cares,so long as things ..happen.

    • Grimm

       /  June 23, 2018

      Last week, Chinese investors were evil, corporates were evil, and property investors were parasitic scum.

      Today, Chinese property investors are all good?

      Don’t answer that, saves having to change your answer tomorrow.

      • Blazer

         /  June 23, 2018

        No all foreign buyers that aren’t resident here that buy existing housing stock are the parasites.Then and now,and tomorrow.

        • Grimm

           /  June 23, 2018

          So, just like the foreign banks you rail against, overseas corporates are going to come into NZ to build houses, employ foreign labour, make a tidy profit courtesy of the taxpayer, and transfer price offshore so they pay no tax.

          But they’ll be acceptable to you because Twyford says so.

  2. Zedd

     /  June 23, 2018

    my understanding is, foreign investors can buy/onsell new property only.. not just bulk buy up existing property, as was happening under the last mob.. driving up prices; Akld=millionaires row (average prices) 😦

    the other question being, IF available land, is in short supply, how much is currently vacant, due to ‘land banking’. There should be limits on this, esp. in high density urban centres

  3. Gezza

     /  June 23, 2018


    @NewshubNationNZ
    Housing Minister Phil Twyford says the Kiwibuild unit in the Ministry of Building, Innovation and Employment is the ’embryo’ of the Urban Development Authority he hopes to establish next year.

    Que? o_O

  4. Blazer

     /  June 23, 2018

    Twyford is an easy target.Has an unenviable task, tackling the biggest crisis of modern times.

    • Grimm

       /  June 23, 2018

      He’s an easy target because he’s a vainglorious fool.

      But good to know AGW has been sorted.

    • PDB

       /  June 23, 2018

      Twyford is an easy target because like Labour he promised the earth and had no way of delivering it. His first ‘Kiwibuild’ houses are ‘kiwibought’ or were already underway by the National govt & he just slapped a kiwibuild sticker on them.

      • Blazer

         /  June 23, 2018

        as opposed to paying lip service to the ‘what crisis’ in Govt and ‘oh that crisis’…in opposition…Nationals no.1 default on the hard issues…’kick the can down the road’…nice profit you made on that flip…Johnny…!

  5. Grimm

     /  June 23, 2018

    So, just like the foreign banks you rail against, overseas corporates are going to come into NZ to build houses, employ foreign labour, make a tidy profit courtesy of the taxpayer, and transfer price offshore so they pay no tax.

    But they’ll be acceptable to you because Twyford says so.

    • Blazer

       /  June 23, 2018

      if it allows ordinary working Kiwis to be able to afford a home to raise their families in…all good.

      • Grimm

         /  June 23, 2018

        Well, as long as the “ordinary kiwi” doesn’t have a Chinese sounding name.

  6. Corky

     /  June 23, 2018

    Twyford on Kiwibuild progress. An oxymoron , surely? Maybe a contradiction-in-terms?