Podcasts Other The Mike Hosking Breakfast Troy Patchett: Property development expert says National's housing density U-turn will put off developers

Troy Patchett: Property development expert says National's housing density U-turn will put off developers

Published: May 30, 2023, 8:05 p.m.

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National\'s U-turn on housing density is one of many factors leading developers to put their projects on ice.

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The party has pulled out of its bi-partisan agreement with Labour, confirming it will allow councils to opt out of legislation allowing three-storey homes on most residential land.

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Subdivide Simplify Head of Strategy Troy Patchett says it will put developers off making decisions.

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But he told Mike Hosking it\'s just one of many factors creating uncertainty.

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"There\'s lending, there\'s immigration, there\'s the fact we\'ve now ringfenced losses on development, building depreciation."

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