Bill, Len, thousands of new Auckland houses will be good, but it won’t solve the housing crisis

It seems Bill English and Len Brown are on the same page.

Len Brown thinks that housing prices have peaked in Auckland and it’s all because of his focus on ticky tacky little boxes.

Len Brown says signs that Auckland house prices have peaked as more apartments and affordable houses are built

However, he acknowledges the 8000 to 10,000 houses a year currently being built are short of the 13,000 to 15,000 a year needed in Auckland. Last month saw yet another net immigration record, with Auckland accounting for most arrivals.

Len Brown can’t understand simple economics…if there are less houses than demand for those houses then prices will rise.

Bill English should know better, he is in charge of the economy but it appears that he doesn’t.

The market will note thousands of new houses are being built in Auckland in the next five to seven years, according to Finance Minister Bill English.

He’s betting new supply is the answer to the problem of a hot Auckland housing market.

“In the next 12 months the government will be procuring the capacity to develop thousands of houses,” he told TVNZ’s Q&A program today.

He says that for the last 15 to 20 years planners in Auckland stopped the city growing “up and out”.

The government is working flat out on “the supply side” and it’s making progress, he says.

The next steps are to go to market for procurement of the government-owned land so up to 8000 houses can be built in Tamaki.

The government will also develop a pipeline of other large procurements “so the market can see the government building thousands of houses in Auckland out over the next five to seven years”, he said.

What the market will note is that there still are artificial constraints on land development and a council unwilling and unable to invest in infrastructure.

None of these ‘solutions’ will work.

– NBR, 3News

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.