Property Institute decries 'Soviet-style' Productivity Commission proposal

Thu, 18 Jun 2015

By Pattrick Smellie June 19 (BusinessDesk) - The Property Institute of New Zealand says a proposal to create a national Urban Development Authority to help deal with Auckland's housing shortage is a 'Soviet-style' solution. The proposal was advanced by the Productivity Commission in its draft report on Using Land for Housing, issued this week. "The creation of such an authority could potentially make matters worse for the city," said the institute's chief executive, Ashley Church, in a statement. It risked "stepping on the feet of the Auc...

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