Post by Brent George on Jul 5, 2016 0:11:15 GMT
It will be interesting to see/hear the development of this proposed Government policy to effectively seize land under the Public Works Act.
$1 billion housing pitch unveiled by Prime Minister John Key
"Housing Minister Nick Smith revealed the Government was also looking at a Productivity Commission recommendation the Public Works Act be used to unlock more land for housing development.
That could include the Government compulsorily acquiring land from developers to stop them stockpiling it it to maximise their capital gains.
Smith acknowledged it would be a "big call" for a National government to override property rights."
For the full report - Stuff - 3 July 2016