Furore over land banking exaggerated
First, foreign buyers were to blame for Auckland’s sky high prices and housing supply shortage. Then it was the fault of domestic investors said to be speculating and on-selling properties wildly.
Now, land banking – where a land owner holds a block of land without developing it while it accrues value - is being highlighted as the reason for Auckland’s housing market woes.
The issue has gained prominence in the wake of the Auckland Council’s adoption of the Unitary Plan, which has a focus on increasing the city’s supply capacity.
It seems, at least partially, driven by the fact that sizeable amounts of land in the Government’s much vaunted Special Housing Areas (SHAs) do not feature any obvious signs of development activity.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)