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Last week, the New Zealand Government announced a major building densification law change that will see up to 105,500 extra homes built over the next 5-8 years across New Zealand:
The Government, with the support of National, is proposing to urgently change the Resource Management Act (RMA) to enable more houses to be built in cities.
It plans to pass a bill to make councils in Auckland, Hamilton, Tauranga, Wellington and Christchurch implement intensification requirements under the National Policy Statement – Urban Development at least a year earlier than the current requirement.
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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.