For example, reviewing and relaxing rules in district plans, clarifying the RMA to include land use for housing as a priority, and ongoing RMA reform to streamline plan development. The Bank also supports measures that encourage the timely and coordinated provision of infrastructure to support new housing developments, and policies that reduce incentives for land banking.
Why are accelerating Auckland house prices a concern for stability? House price inflation slowed significantly following the implementation of restrictions on high loan-to-value ratio (LVR) lending in October 2013. More recently, average national house price inflation has picked up, due almost entirely to significant renewed pressures in the Auckland market.