Has Ardern killed another key housing reform?

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By Leith van Onselen

Six years ago, I penned an article entitled Why developers land bank, which attempted to explain the drivers and motivations for land banking.

Included in this article was the argument that land banking is more common in markets with regulatory barriers to land supply, such as urban growth boundaries (UGB), because this restricts competition from adjacent land owners on the wrong side of the UGB.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.