If academics really knew the answer, wouldn’t they all be running the country?

John Tookey, the head of Auckland University of Technology’s (AUT) built environment department, said the free market was not building the kind of homes the city needed.

In a report looking at Auckland’s housing market from a construction perspective, Prof Tookey said the push to free-up more land for new housing was simply delivering large and expensive standalone homes.

Figures show the median price of Auckland homes sold last month has risen 3 percent on a year earlier to $854,500, and only half of the estimated 14,000 homes needed annually are actually being built.

Professor Tookey told Nine to Noon the forced sale of rental housing, and a requirement to build cheaper homes were ways to tackle Auckland’s housing crisis.

And he said the shortage and affordability of homes was a social issue, and if the market was not delivering then more compulsion was needed.

“The outcome that we need to compel is affordable housing, whether that be state housing, or a large additional tranche of private affordable housing, but that’s politically challenging, there’s no question about that.”

Professor Tookey said one measure would be more housing associations such as those found in the United Kingdom, where the association shares ownership with the occupier, easing the burden for first-home buyers.

He said the Auckland problem was less the shortage of dwellings and more that a high proportion – approaching 50 percent – were only available to rent and not to buy.

“The reality is that the people who own that rental property are actually home owners who are now investing in rental property as a way to make capital gains,” Prof Tookey said.

“You either compel or encourage the sale of rental property and that’s politically challenging.”

Trust an academic to come up with a socialist policy that forces the sale of other people’s property so it can be sold again to others who need to be subsidised to buy it as well.

 

– RNZ


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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.

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