REINZ welcomes Auckland Transport Alignment Project

Press Release – REINZ

26 April 2018
REINZ welcomes Auckland Transport Alignment Project announcement

Bindi Norwell, Chief Executive at REINZ
“REINZ welcomes the announcement from the Transport Minister, the Hon. Phil Twyford, that a significant investment is to be made into Auckland’s roading, public transport infrastructure and for greenfield and brownfield housing development.

“With the growing Auckland population, there is no doubt that we need more investment in Auckland’s transport infrastructure, and today’s announcement will help to create a 21st century transport network for the City.

“The two new roading projects that are being developed for the Whangaparoa and Drury areas of Auckland will be welcomed by current and potential homeowners in these suburbs. Good transport links is one of the things buyers take into consideration when looking at purchasing a property, particularly if they are in some of Auckland’s outer suburbs and regularly travel into the CBD for work.

“The announcement that investment is to be made to enable more intensive greenfields and brownfields housing development, is to be welcomed. Currently there is a housing shortage of an estimated 60,000 properties in Auckland and until we’re able to start to back-fill some of that shortage, houses are only going to continue to remain unaffordable for first time buyers and those on lower incomes. Today’s announcement is another step in the right direction to solving this problem as it opens up options for more housing development for Auckland.”

ENDS

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