Housing affordability is a significant issue affecting many New Zealand families, the economy and government.
Improving housing affordability
In collaboration with other government and housing sector agencies, HUD aims to deliver a comprehensive work programme to improve housing affordability.
Our work spans:
- the supply of land
- the role of regulation
- the provision of infrastructure
- the cost of building materials; and
- increasing skills and the level of innovation in the construction sector.
KiwiBuild is a multi-billion dollar work programme set to deliver 100,000 homes for first home buyers over the next decade.
We do this by supporting developers to build more quality, affordable houses, and connecting them with eligible KiwiBuild buyers through a ballot process.
Housing Affordability Measure (HAM)
Our Housing Affordability Measure follows shifts in housing affordability. It doesn't set a level at which housing is or isn't affordable.
Affordability is calculated using data from Stats NZ's Integrated Data Infrastructure (IDI) to measure income at the household level.
Housing Accord and Special Housing Areas
Housing Accord and Special Housing Areas legislation is helping:
- streamline new housing developments, and
- allow special housing areas to be designated under accords between the Government and Councils across New Zealand.
The Accords set targets and actions that aim to increase the immediate and longer-term supply of land, and therefore improve the affordability of housing.
October 1, 2018