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Research Papers, Lincoln University

"Prior to the devastating 2010-2011 Canterbury earthquakes, the city of Christchurch was already exhibiting signs of a housing affordability crisis. The causes and symptoms were similar to those being experienced in Auckland, but the substantial damage to the housing stock caused by the earthquakes added new dimensions and impetus to the problem. Large swathes of the most affordable housing stock in the east of the city were effectively destroyed by the earthquakes. In itself this would have pushed the mean house price upwards, but compounding problems exacerbated the situation. These include the price effects of reduced supply of both rented and owned housing and increased demand from both displaced residents and an influx of rebuild workers. The need for additional temporary housing while repairs were undertaken and the associated insurance pay-outs bidding up rents with improved rental returns leading to increased interest in property investment. Land supply constraints and consenting issues inhibiting the build of new housing and political infighting and uncertainty regarding the future of parts of the city leading to a flight of development activity to peripheral locations and adjoining local authorities. Concerns that the erosion of the city council rating base combined with inadequacy of insurance cover for infrastructure will lead to large rates increases, increased development costs and reduced amenities and services in future years. These and other issuers will be elaborated on in this paper with a view to exploring the way forward for affordable housing Christchurch City."

Audio, Radio New Zealand

TE URUROA FLAVELL to the Minister of Conservation: Does he agree with Parliamentary Commissioner for the Environment, Dr Jan Wright, that joint decision-making with the Minister for Energy and Resources on mining the conservation estate undermines the role of the Minister of Conservation as guardian of that estate, and how will he respond to her advice to Parliament that conservation should take precedence? Hon DAVID CUNLIFFE to the Prime Minister: Does he stand by his statement that "for most New Zealanders an indicator of how well the economy is doing is whether or not they can keep up with the cost of living"; if so, is he satisfied that they currently can? Hon TAU HENARE to the Minister of Finance: What reports has he received on inequality in New Zealand, and how do recent changes in trends compare to other countries? Hon DAVID PARKER to the Minister of Finance: Does he agree with BERL that "outside of dairy and forestry, export receipts have effectively flatlined since April 2009" and that "The risks inherent in such a narrowing of our export base should be of concern to all"; if not, why not? Dr CAM CALDER to the Minister for Tertiary Education, Skills and Employment: What announcements has he made about the Māori and Pasifika Trades Training initiative? Dr RUSSEL NORMAN to the Prime Minister: Does he stand by all his Government's decisions? PAUL FOSTER-BELL to the Minister of Housing: What progress has he made with local government in securing Housing Accords under the legislation passed last year, and how are they increasing the supply and affordability of housing? Hon ANNETTE KING to the Minister of Health: What was the original forecast cost for Health Benefits Limited and what is the revised forecast cost now, if any? MAGGIE BARRY to the Minister of Education: What recent announcements has she made on the Government's $359 million investment to raise student achievement? Hon RUTH DYSON to the Minister for Canterbury Earthquake Recovery: How much has the Canterbury Earthquake Recovery Authority spent on legal fees in the last 3 years? DENIS O'ROURKE to the Minister of Transport: When will the Government provide a comprehensive and integrated land transport plan for New Zealand? PAUL GOLDSMITH to the Minister of Revenue: What is the objective of the Government's recently announced Taxpayer's Simplification Panel?