Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Supply In Addressing Housing Affordability Issue

NEW ZEALAND LABOUR GOVERNMENT NOW FOCUSES ON SUPPLY IN ADDRESSING THE HOUSING AFFORDABILITY ISSUE.

READ THE LETTER:
http://img.scoop.co.nz/media/pdfs/0608/ChrisCartersLetter.pdf

Attached is a pdf copy of a letter from the NZ Housing Minister, Hon Chris Carter to the writer, where the Minister states that the Government focus is now on supply. In the Ministers words (from the attached letter) –

“…….I do believe it is wise to shift our attention to supply side processes and the scope for interventions that can contribute to stabilizing housing costs”.

And further –

“I agree that readily available land with an efficient home building industry can help to moderate house price inflation and assist affordability through a housing boom”……..”Land accounts for an increasing proportion of the price of a typical ‘land and house’ package purchased by New Zealanders”

And concludes –

“Thanks again for your kind words of support and rest assured that under the auspices of the New Zealand Housing Strategy Committee, Housing New Zealand Corporation and the Department of Building & Housing are working closely with a range of Ministries and Local Government on housing supply issues”.

The letter must be read in its entirety.

It is heartening that the New Zealand Labour Government recognizes the core problems and under the leadership of the Housing Minister, Hon Chris Carter, is willing to provide the leadership, in starting the process of addressing this serious issue.



As this process moves forward, it is expected that other political parties, interest groups and individuals will support the Minister and those working alongside him, in a constructive way that is clearly in the wider public interest. This issue is too important for political point scoring and selfishness.

The focus must be on re –establishing housing affordability over a reasonable and realistic time, so that young New Zealanders can access housing, at least as easily as earlier generations.

New Zealand has much work to do. This years Demographia International Housing Affordability Survey, clearly illustrates how severely unaffordable housing is in New Zealand at present. People should not have to pay more than three times their annual household income to purchase a home. And we must make it a priority to reverse the declining home ownership trends.

Yours sincerely,
Hugh Pavletich
Co author – Demographia International Housing Affordability Survey
www.demographia.com

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Robertson Speech: Budget Sees Wider Debt Target

"New Zealand is well positioned to face this instability and uncertainty, but we are not immune from its impacts. Growth rates are set to be lower than we have seen in recent years..." More>>

ALSO:

Commerce Commission: Spark Warned Of Broadband Price Rise

The warning follows an investigation into representations Spark made on its website and in emails in August and September 2018, notifying in-contract customers receiving its copper-based broadband service of its decision to increase the price by $5 a month. More>>

Law Commission: Resist Rushing To New “Deepfake” Law

Artificial intelligence techniques can create massive volumes of fake audio, images and video that is incredibly convincing and near-impossible to detect... While it is tempting to respond with new law, the study finds that the long list of current legislation covering the issues may be sufficient. More>>

ALSO:

'Contrary To US Interests': US Lockout Sees Android Ditch Huawei

Effective May 16, 2019, the Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) by adding Huawei Technologies Co., Ltd. (Huawei) to the Entity List. More>>

ALSO: