TL;DR: Cabinet meets in earnest today to consider the new Government’s 100-day plan of action, mostly repealing new laws designed to speed up housing developments.
The impression from Wellington is of a clearing of the decks and a frenzy of action that will unleash swathes of new housing and other infrastructure developments to unblock the sclerotic arteries of an over-regulated and moribund economy.
Actually, the Government’s actions in the next three to four months has already stalled plans for new developments, forced councils to suspend capital spending plans and made any sort of longer-term planning impossible in the absence of clear funding pathways for all the water, transport, health and education infrastructure needed to cope with an extra 200,000 temporary working migrants per year.
The fastest moving big lever in the economy at the moment is rents as the immovable force of housing supply shortages meets the irresistible force of the fastest population growth in the developed world.
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