Mike's Minute: Again, get housing out of fast-track
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How does the 5% first‑home‑buyer deposit relate to the Fast‑Track policy?
As an extension to the five percent housing deposit policy the National Party released over the weekend and the Labour Party are now backing, can we possibly learn from its practicality and apply it to areas that are increasingly fraught? I cite FastTrack. So Fast Track, excellent idea, gets things done better than what we've currently got. Ask the Tao Rong report, seven years going nowhere under the old rules, under Fast Track five months and sorted. But On housing we've got trouble. I have raised this of course with the Prime Minister, but he doesn't get it or he doesn't want to get it.
Why is Fast‑Track causing trouble for large‑scale housing developments?
The key to successful election campaigns is offering simple, practical solutions to what voters perceive as problems. It's called retail politics. Five percent deposit for a young person to buy a house is material and it's practical. Fast track housing developments have turned into exactly what I said they would trouble. Angsty, edgy, piss people off trouble. The Auckland Council is now considering refusing services to new developments. This is just the start.
What are the reactions of local councils and communities to Fast‑Track housing?
Any number of fury-filled meetings have been held round this country, central Otago to Northland to Auckland to Christchurch, over large scale 1,000 plus housing developments that are using Fast Track to get the ticket of approval. This will cost the government votes. All the esoteric nonsense like Buying back banks and AI center funding and breaking up supermarkets. It's Beltway Wonkery. Getting your backyard upended is real. They have to get large-scale housing out of fast track.
How might Fast‑Track housing decisions affect government votes and voter sentiment?
Luxon argues every time I raise it that way. It is not just about housing, and he's correct, it isn't, but that doesn't address the elephant. And if he doesn't address it, the voter will. The practicality and success of a five percent deposit for a house is directly connected, if you think about it, to fast track. For average voters, it's about their life. Can they afford a home? Is their home their castle?
Do we really need tens of thousands of new homes in a stagnant market?
Is their neighborhood theirs? While five percent solves one, fast track housing risks another. Ask yourself this simple question. Are we in desperate need of tens of thousands of new houses in a stagnant market and falling prices? It staggers me they can't see this. Politically, they need to see this. Need to join the dots and fast. For more from the Mike Asking Breakfast, listen live to News Talks Ed B from 6 a.m. weekdays or follow the podcast on iHeartRadio.
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Chapters
5 chapters
1
How does the 5% first‑home‑buyer deposit relate to the Fast‑Track policy?
0:00–0:29
2
Why is Fast‑Track causing trouble for large‑scale housing developments?
0:29–0:55
3
What are the reactions of local councils and communities to Fast‑Track housing?
0:55–1:25
4
How might Fast‑Track housing decisions affect government votes and voter sentiment?
1:25–1:44
5
Do we really need tens of thousands of new homes in a stagnant market?
1:44–2:11
Speakers
1 identifiedMore from The Mike Hosking Breakfast
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