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Property Council of NZ

Housing shortage Pt I: Crisis? What crisis?

Horror stories of promising property developments falling over have been hitting news headlines, along with gloomy figures that show construction of new homes and sales of existing homes have dropped. Meanwhile, the population is at 4.3 million and rising.

While National’s promised changes to the Resource Management Act (RMA) should improve consent processes and costs, delays have been driving developers up the wall and holding up subdivisions in recent years.