PHOTO: Auckland townhouses. (Source: istock.com)
Legislation to cut red tape for new housing has passed in Parliament that’s aimed at enabling homes to be built faster in New Zealand’s biggest cities.
The new law allows three homes up to three storeys to be built on most sites without the need for a resource consent, it should enable tens of thousands of new homes to be built in the next five to eight years, and will see existing housing density rules brought forward by a year.
“Passing this legislation with support from the National Party, the Green Party and the Maori Party delivers stable, enduring policy on urban density. This gives New Zealand homeowners, councils, developers and investors greater certainty,” Housing Minister Megan Woods said.
“These changes address the overly restrictive planning rules that limit the types of homes people can build and where they can build them. These changes to the Resource Management Act will allow more affordable homes to be built more easily in areas with good access to jobs, transport, and community facilities like schools and hospitals.”
READ MORE VIA TVNZ
MOST POPULAR
- Ardern and Gayford have not bought land
- Abandoned land for sale
- ‘Rich Dad Poor Dad’ author Robert Kiyosaki expects a market crash and economic crisis | WATCH
- The housing market has turned: QV FULL REPORT
- Prime Minister Jacinda Ardern is now a property millionaire
- Runaway housing prices ‘cannot continue’ – Ardern
- Real estate agents pocket almost $2b in commission
- READ: Real estate agent’s extraordinary email | OMG!
- Unvaxxed real estate agents – doing it tough
- ‘TikTok changed my life.’ Real estate agents find huge success on the app