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Ryan Bridge: Building new houses on flood-prone land - here we go again · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Here we go again, everybody planning to build yet more
• 0:04
  Speaker 1: houses on land that we know is partial to flooding.
• 0:07
  Speaker 1: This time it's the Coalition government with three housing projects
• 0:11
  Speaker 1: on its fast track list in Auckland and Canterbury, and
• 0:14
  Speaker 1: twenty twenty two it was Labor they had seven hundred
• 0:17
  Speaker 1: homes on their fast track list that were prone to flooding.
• 0:20
  Speaker 1: The land was prone to flooding in Napier. And you
• 0:23
  Speaker 1: might think, well, if you want to go and build
• 0:27
  Speaker 1: your house on flood prone land after cycling Gabrielle etc.
• 0:30
  Speaker 1: That's your issue. You pay up. But here's the problem
• 0:33
  Speaker 1: with that. We have no hard and fast rule about
• 0:37
  Speaker 1: what ratepayers and or taxpayers might have to stump up
• 0:41
  Speaker 1: for compensation. You know, do we buy these houses out?
• 0:44
  Speaker 1: How does it work if they build and it floods?
• 0:48
  Speaker 1: Our collective insurance premiums go up. Just this week we
• 0:51
  Speaker 1: had a letter from big insurers to the Prime Minister
• 0:53
  Speaker 1: and others saying, hey, we can't keep up with these payouts.
• 0:57
  Speaker 1: With the more the increased weather of ny etc. Premiums
• 1:01
  Speaker 1: are going to have to rock it up. Stop allowing
• 1:03
  Speaker 1: development on low lying land. There's been a Select Committee
• 1:07
  Speaker 1: report on this but saying, you know, we need rules
• 1:10
  Speaker 1: from the government, We need certainty and we do who
• 1:13
  Speaker 1: pays what to whom and when? We just don't know.
• 1:16
  Speaker 1: And in the meantime, you would think the land that
• 1:19
  Speaker 1: might be at risk of flooding would be put on
• 1:22
  Speaker 1: a slow rather than a fast trink. For more from
• 1:26
  Speaker 1: Early Edition with Ryan Bridge. Listen live to news Talks
• 1:29
  Speaker 1: it'd be from five am weekdays, or follow the podcast
• 1:33
  Speaker 1: on iHeartRadio.