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Wellington’s bike-topia needs scrutiny

The Wellington City Council this week started holding community meetings over plans to introduce cycle lanes across large parts of Wellington, with the aim of making cycling safer. The move has been backed by an editorial from Green Party MP Julie Anne Genter, an adviser to Mayor Celia Wade Brown, who claims bike-only lanes could lift the percentage of people cycling from about 2.6 per cent in 2006 to 7 per cent – on par with Portland Oregon. Read more

Insights Newsletter
28 February, 2014

Smarter options for tackling traffic congestion

As we discussed in a previous issue of Insights, New Zealand is rated as one of the most congested countries in the world, according to the figures in the latest Tom Tom Traffic Index. The Amsterdam-based navigation company’s data shows that despite very small urban areas and a low population base, travelling in Auckland, Wellington, and Christchurch takes 31.3 per cent longer than it should, based on the optimal carrying capacity of the roading infrastructure. Read more

Khyaati Acharya
Insights Newsletter
28 February, 2014

Auckland's Unitary Plan bold but risky

In the for-and-against debate surrounding compact cities and their impact on housing affordability, Auckland and its Unitary Plan stand out as an oddity. The compact city term lacks a clear definition, but if you look for commonalities across the literature and practical examples of this urban form, two policy outcomes repeat themselves: urban growth restrictions and higher population densities. Read more

Stuff.co.nz
26 February, 2014

Land supply key to the economy

As a homeowner, buy-to-rent investor, or property speculator, it is hard to see New Zealand's booming property market as anything but a positive development when looking through the prism of common sense. The latest round of data from QV show housing prices rose 10 per cent last year, not a bad return by any measure, but made even juicier once you factor in the tax free nature of the capital gains. Read more

Stuff.co.nz
11 February, 2014

Dangerous seduction of compact cities

Examining housing affordability in New Zealand can be an engrossing activity involving quantitative research, modelling and fact-based analysis. As such, it is easy to forget how emotionally appealing the cult of the compact city can be. Read more

Insights Newsletter
24 January, 2014

Local government key to transparency

Following on from last week’s piece The costs of corruption, this Monday saw the release of Transparency International’s ambitious and highly anticipated Integrity Plus 2013: National Integrity Systems assessment (NIS). The 374-page report provides detailed insights into the national “institutions, laws, procedures, practices and attitudes that encourage and support integrity in the exercise of power”. Read more

Khyaati Acharya
Insights Newsletter
13 December, 2013

Let’s welcome the boogeymen

If there is any life left in one of the last demand boogeymen of the housing market, The Economist this week reminded us that there is a novel way of exorcising them, namely letting them in the front door. I am, of course, speaking of foreign buyers. Read more

Insights Newsletter
22 November, 2013

Media release: Restoring New Zealand’s housing affordability

Wellington (18 November 2013): The government needs to urgently restructure financial incentives for local councils, shift the burden of water infrastructure costs, and create competition in planning if it wants to deliver affordable homes, according to The New Zealand Initiative’s third housing report. The report, Free to Build: Restoring New Zealand’s Housing Affordability, is the third in a series which explores how the housing market has lost its affordability since the 1970s, and how other countries have maintained stable house prices over the same period. Read more

18 November, 2013

Acronyms don’t build houses

The argument that we need to build more homes to tackle the housing affordability crisis was underscored this week by reports that suggest loan-to-value ratio (LVR) restrictions are having unintended – and negative – effects on the housing market. According to the Registered Master Builders Association, the number of enquiries into new homes has fallen by 30 per cent since the Reserve Bank’s limit on how much money retail banks can lend on low-equity mortgages kicked in at the start of October. Read more

Insights Newsletter
15 November, 2013

Kill the property porn shows to fix housing

Fire the over-priced policy analysts, number crunchers and economics whizzes, because I’ve solved the housing affordability crisis. The solution is obvious: we need to ban home improvement shows. Read more

Insights Newsletter
1 November, 2013

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