Fox MaramaMARAMA FOX (Co-Leader—Māori Party): I rise to take a call on this bill because I think it is fundamentally important to the redevelopment of the Auckland area. I have been quite interested in housing—to find out what is going on up there. I have been up to Auckland a number of times to visit a number of housing developments. I have been to property developers to see what they are doing privately where I have seen developments of 1000 to 2500 homes. I have seen developments that include having to build the road having to bring the water having to bring the power having to put the lights in and having to put the footpaths in all by the developer. What that means is that before they can even build a house the section is now costing $400000 to $500000. We have not even started to build a house yet because the Auckland Council cannot afford to put the infrastructure into those areas.Then I have been to see a social housing development where we are building a hundred-ish houses. I have been to see mixed social housing areas where we are building a mixed tenure of houses—some high density some low density some affordable ones. But here is the thing: we are requiring only 10 percent of those houses to be affordable and the property developers I have met have said that affordable" is about $475000. They take a loss to get that in there but they are building a thousand homes and every single other house in that development is the minimum $900000. If you get 10 percent and build 100 houses that is 10 houses. We do not have a problem with houses just on their own; we have a problem with affordable houses. If we are building houses that are already priced out of the range of people who can already not afford them then we are not actually solving anything.In Point England why this is significantly important is because there we have an iwi who is about to take on a development plan where yes there are these 300 houses but right next door there are possibly another 2000 houses. They can decant people out of their homes into the new homes instead of just pushing them out on to the streets somewhere maybe—I do not know where—and then build some homes. They are thinking about the community they live in and they have seen the developments at Ngāti Paoa. Here is the thing: I have been down to social housing developers private property developers and mixed tenure developers and none of them are building an adequate number of social houses—of affordable houses—except for one that I have seen or two now and one of them is this development at Point England by Ngāti Paoa.Who is building houses to help the people who most need them? Māori are building houses. When I talk to the property developers they say: "Marama why the heck would I take a section that I put all the infrastructure into and build a house for $300000 and get $30000 out of it when I can put a $1 million house on it and get $100000 out of it? It does not make fiscal sense to do that Marama." So they then stick to the 10 percent limit that they have to and what does that provide? It provides a 2-bedroom home with low specifications inside no internal garage but maybe a carport or maybe not—a car space next to the house. That is what $475000 will buy you.But wait. You have to have that house for only 2 years and after 2 years you can take that house and sell it on. You can sell it on and immediately get $1 million. Why would you not do it? You have to fit the income criteria to get that house in the first place but that on-selling is already happening. In the first lot of apartments that were built on one of these property developments they first sold them 5 years ago for $500000. They are now being flicked on for $1.3 million. That is for an apartment in the middle of a property development where every other house in that area is $900000.Here I am supporting this Point England bill because finally we have a developer with a heart. It is an iwi who has given up the land they fought to get back in the Treaty settlement so that under first right of refusal they can provide low-income affordable houses and rental accommodation for the people who most need it. So I commend this bill to the House.Bill read a first time. Bill referred to the Local Government and Environment Committee."