Government Land Moves Welcomed

From the New Zealand Herald:

The house-building sector has welcomed the Government’s moves to solve the housing affordability crisis, saying it could be a big boost to the multibillion-dollar industry.

Philip King, Fletcher Building’s investor relations manager, said freeing up land was the key.

“Any moves that will facilitate greater land availability for new housing construction, particularly in the Auckland region, are welcome,” King said.

The Government announced yesterday that it would put a six-month time limit on councils processing consents for medium-sized projects, including housing developments, as part of a range of measures to make homes affordable.

While it does appear that there is no ‘quick fix’ for housing affordability at least the government is tackling the issue and taking some positive steps in the right direction.

Personally, I think it will be interesting see how things pan out here in Canterbury with large quantities of sections coming on stream over coming months. It is predicted that around 20,000 sections will be freed into the local Canterbury market. Now that is a lot of land and literally new communities!

While it is difficult to predict the actual effect that this will have on both land and building costs I do question whether demand will actually be as high as what is expected. I guess the big question is just how many of the earthquake displaced have already purchased? From experience I have found a lot of the post quake purchasers have gone and bought existing homes once cashed up with their insures. I think the jury is still out on this one – will we see a building boom or will we have a glut of land, I guess time will tell?

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Peter Griffioen - or simply Griff to those who know him - has an established reputation as a high-producing Harcourts Canterbury salesperson. With a focused approach to customer service you can rest assured that you are in good hands, whether it be a relaxed chat about the state of the market or an in-depth discussion regarding your next property transaction. The key advantage of engaging Team Griff’s services is their local knowledge and experience. Currently in this post-seismic era, it is vital to have true professionals working on your behalf, ensuring that you are guided through the process professionally and with a caring approach. The advent of the ‘as is, where is’ market means specialised expertise are required and Team Griff has taken it on themselves to both understand and explain the pros and cons of this now accepted sale/purchase option. For over 26 years the Griff brand has become synonymous with achieving results. Griff now prides himself with his five member team and takes much satisfaction from empowering them to both achieve and reach their own goals. A team with a proven track record placed with the highest ranking Harcourts Million Dollar Club members, exceeding the $275m level. Such accomplishments highlight the team’s exceptional marketing and negotiating skills. Team Griff are recognised as industry leaders for their online presence and regular blog posts of current and relevant real estate information. E-marketing and readily available property specific detailed info means Team Griff’s clients have the edge when it comes to selling their homes, not forgetting purchasers who benefit first hand. A simple Google search says it all – the Griff brand ranking with the most frequent. Griff’s life focus extends beyond business, with quality time and fun being high priorities, while mountain biking, boating and fishing provide that vital time out. His Christian faith is his anchor for daily living, and his community is important to him. For a team approach to optimize the result for your next property transaction, be sure to talk to this award winning team - synonymous with hard work and results! Griff and his trusted team welcome your enquiry today.

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