Media Releases

Booming property industry grows by $19.6 billion in a decade

EMBARGOED UNTIL 5AM, MONDAY 26 JULY 2021 Property is officially New Zealand’s largest industry, with new analysis from Property Council New Zealand showing the sector has a direct contribution to […]

Interest deductibility changes unlikely to increase housing supply

EMBARGOED UNTIL 5:00AM, FRIDAY 9 JULY 2021 On the eve of the Government’s consultation on changes to interest deductibility closing, Property Council New Zealand has written to the Government to rethink […]

Government’s resource management reforms underscore the complexity of delivering a simple system

Today’s release of the first tranche of the Government’s resource management reforms underscores the Government’s good intentions do not outweigh the fact that delivering a simpler system is harder than […]

Questions raised around the validity of Tauranga’s increasing development contribution fees

Property Council New Zealand’s Bay of Plenty members are questioning Tauranga City Council’s reasons for increasing Citywide development contributions, also known as building impact fees, by more than $16,000, saying […]

Major challenges in housing left unanswered

“This is a big-spending, big promising Budget that will leave many of the housing, infrastructure, and climate resilience challenges left untouched, Property Council New Zealand Chief Executive Leonie Freeman says. […]

Property’s Budget Wish List: Let’s take the chance to build back better

“Budget 2021 provides the opportunity for the Government to be bold and break down barriers to development, helping New Zealand build back better as we ramp up the COVID recovery,” […]

Insurance based FENZ funding a flawed model

“The Government had the opportunity to revolutionise the current insurance-based funding model for Fire and Emergency New Zealand (FENZ), but have instead chosen to tweak the levy system, maintaining a […]

Local government review once-in-a-generation chance to be bold

This once-in-a-generation opportunity to change the machinery behind local government cannot ignore some significant challenges facing local democracy, Property Council of New Zealand Chief Executive Leonie Freeman says. “Today’s announcement […]

No silver lining to the bright-line test extension

FOR IMMEDIATE RELEASE While the bright-line test extension might signal a decline in ‘flipping’ houses, it does little to address the cause of the crisis – which is there aren’t […]

Unit Titles Amendment Bill gains property sector support

An Amendment Bill seeking to improve the way information is disclosed to prospective buyers of units, strengthen the governance of body corporates, and to ensure the planning and funding of […]