The Property Council launched a residential development council at its residential development summit in Auckland today.
Property Council chief executive Connal Townsend its role was to highlight the importance of residential development & investment “as a key driver of economic growth, employment, prosperous cities, empowered communities & social progress”, and it would be “a network of qualified & experienced industry experts, who demand sound policies & legislation that address critical issues facing New Zealanders today”.
Its 5 focus areas are:
- Better urban planning: establishing a robust planning system that results in fewer delays, more certainty & consistent consenting practices
- Less bureaucracy: targeting inconsistent & poorly designed rules & regulations that discourage development
- Infrastructure: future-proof investment in national infrastructure via aligned & integrated central & local government strategies
- Rigorous data: setting up a comprehensive knowledge base decisionmakers can use to draw reliable information from during the policymaking process
- Urban design: ‘good urban design’ that produces high quality & sustainable communities for New Zealanders, that is also well integrated with adjoining planning rules.
Mr Townsend said the need for a residential development & investment advocacy body had never been more apparent: “The launch of the Residential Development Council comes as the residential sector navigates a maze of convoluted central & local government legislation & regulations that undermine efforts to deliver houses.
“We are here as an advisory body to official decisionmakers during policymaking. We have the commercial knowhow, on-the-ground experience & market intelligence. We are saying ‘Consult with us’, and help us help you deliver better housing solutions for all New Zealanders.
“We are also a conduit between developers & investors, as our sector lacks significant scale. For cities such as Auckland & its substantial housing shortage, we need investors to help meet the demand.
“Investors offer the capital needed to build on a larger & more viable scale, while providing the means to offer alternative forms of tenure & home ownership over time.”
The Residential Development Council will represent professionals & stakeholders within the residential property sector under the Property Council umbrella.
Attribution: Property Council release.