A plan aimed at tackling Auckland's housing supply shortage has surpassed expectations in its first year, the Government and Auckland Mayor Len Brown say.
Mr Brown and Housing and Building Minister Nick Smith yesterday delivered performance results for the first year of the Auckland Housing Accord at the city's Town Hall.
The accord was reached last October by the council and the Government. It aims to increase the housing supply in Auckland by streamlining the planning and consent process required for land development and house building.
The accord's overall aim is to have 39,000 homes built by 2016.
"It is good progress that 11,060 new sections and dwellings have been achieved in the first year - more than 20 per cent above the target of 9000," Dr Smith said.
"We will need to maintain this momentum and growth to meet the momentum and growth targets of 13,000 in year two and 17,000 in year three."
Mr Brown agreed with Dr Smith, and both hoped the streamlined process would assist in easing Auckland's buoyant housing market.
"House price inflation in Auckland has slowed from 14.8 per cent to 7.9 per cent over the past year," Dr Smith said. "Our goal is to rapidly increase supply and to contain ongoing house price increases across the city."
Mr Brown said targets in special housing areas - areas earmarked for development - were on track.
"The consenting and master-planning activity now taking place within the special housing areas sets up a solid platform to meet the accord targets for the next two years," he said.
"Developments have already been approved for 478 sections or dwellings, and master-planning and consenting is on track for over 19,500 sections and dwellings."
Labour Party housing spokesman Phil Twyford said the targets achieved in the accord's first year fell far short of the number of new homes needed in Auckland.
"The report says consents for only 354 dwellings were approved in the special housing areas during the first year of the accord, showing it had little impact on Auckland consent rates," Mr Twyford said.
"The 7366 dwellings consented in the first year is nearly 5000 houses short of the nearly 13,000 dwellings a year Labour was consenting, especially with migration running at record levels."
sections and dwellings developed in first 12 months of Auckland Housing Accord
new apartments built, up from 780 in the previous year
projected cost of residential building work over the next three years