Building the cities of tomorrow, today
Property is New Zealand’s most significant industry, contributing nearly $30 billion per annum towards GDP and employing over 160,000 people.
We are the voice of property and it’s our role to ensure our industry’s voice is heard by movers, shakers, policy-makers and the public. Regardless of where in New Zealand you are, it’s essential that central and local government have policies that encourage development and investment and enable our industry and New Zealand to thrive.
In 2017 we released Building New Zealand’s Cities of Tomorrow, Today, a strategic document that takes a holistic view and calls for a broad range of policy reforms in how we develop, build, regulate and invest in our cities.
The implementation of these ten recommendations will create a more competitive and robust property industry to build better cities.
Planning and infrastructure
- Establish a national conversation about the future funding and governance of the planning system
- Integrate regional urban planning and align plans with economic development and infrastructure investment
- Establish a broader range of funding tools to incentivise central government and council infrastructure
Improving building regulation systems
- Carry out Building Code and other regulation reviews to ensure cost-effective continuous improvement of buildings
- Liberalise the approved building products regime, especially for quality international products from reputable businesses and countries
Challenging construction industry processes
- Advocate for greater construction industry productivity and building at scale
- Champion the role of technology and use of alternative products and innovative building construction methods
- Support upskilling and education to improve construction industry skills
Enabling greater investment
- Review the commercial property tax system to ensure alignment with other capital-intensive sectors
- Amend the overseas investment screening regime to remove constraints to foreign investment in commercial property