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Mike Hosking: Developers running scared of Twyford, Kiwibuild

Author
Mike Hosking,
Publish Date
Thu, 14 Jun 2018, 9:15AM
So as each and, every day goes by, and as Phil Twyford waits for October to turn the keys on his first 18 Kiwibuild houses, just the 9982 short for the first year in office, he's going to run into a wall of difficulty. (Photo \ NZ Herald)
So as each and, every day goes by, and as Phil Twyford waits for October to turn the keys on his first 18 Kiwibuild houses, just the 9982 short for the first year in office, he's going to run into a wall of difficulty. (Photo \ NZ Herald)

Mike Hosking: Developers running scared of Twyford, Kiwibuild

Author
Mike Hosking,
Publish Date
Thu, 14 Jun 2018, 9:15AM

My wife was talking to a developer last night and he was saying, what we were talking to another developer about and they're all singing from the same song sheet at the moment, the market is very fluid. Things are very uncertain in the house building area at the moment.

And they all seem to think this government is, at least, partially to blame.

A report out from Colliers this week that says developers aren't building with any urgency so the problem here is, basically, building is in a holding pattern.

And it can't afford to be, because we need more houses.

But the Auckland housing targets are not going to be met. There's a whole lot of feasibility issues, construction costs is going up, there are very low pre-sales, bank funding is an issue, landowners can't sell or develop for a profit.

So essentially, they're sitting tight and not doing what they should be doing which is building.

So as each and, every day goes by, and as Phil Twyford waits for October to turn the keys on his first 18 Kiwibuild houses, just the 9982 short for the first year in office, he's going to run into a wall of difficulty.

READ MORE: Mike Hosking: Phil Twyford's Kiwibuild fraud exposed

Because what you should be seeing at the moment is just the industry on fire, hiring left right and centre, hammers swinging, and it's just not happening the way it should be.

And if it's not happening the way it should be, it's not going to improve.

They’ve got all the old issues they needed to iron out and smooth over.

The RMA, the councils, the consents and the costs. None of it's been fixed.

And if it hasn't been fixed you're not going forward are you?

I would've thought that was obvious. But far be it for me to state the bleeding obvious to the government.

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