The media in Australia and around the world were enthralled last year by a study showing that ‘upzoning’ planning amendments introduced in Auckland in 2016 had a substantial impact on lowering property prices.
Under the policy, almost three-quarters of Auckland’s residential land was upzoned, which the research claimed resulted in tens of thousands of new homes being built over the next five years.
The media, the property lobby, and the YIMBY movement immediately jumped on the study’s findings, urging that Australia implement upzoning reforms similar to those used in Auckland to address the rental crisis.
