Open AccessAuckland Council: is it too big to last?
Author(s) -
Grant Duncan
Publication year - 2016
Publication title -
policy quarterly
Language(s) - English
Resource type - Journals
eISSN - 2324-1101
pISSN - 2324-1098
DOI - 10.26686/pq.v12i4.4628
Subject(s) - treasury , government (linguistics) , business , property market , asset (computer security) , plan (archaeology) , politics , finance , residential property , geography , political science , regional science , real estate , philosophy , linguistics , computer security , archaeology , computer science , law
Auckland is a city-region under intense political pressure. Migration and development are transforming streetscapes and communities. Local government has to plan and budget for significant investments in infrastructure as the city grows, and there is no strategy that pleases all sectors of residents at once. Property owners love their rising asset wealth, but central government is under pressure to address homelessness and home affordability. The Reserve Bank and the Treasury, moreover, watch Auckland’s over-heated housing market nervously, as it poses risk to the whole economy (Makhlouf, 2016).