Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


New Zealand National Party First Home Buyer Grants Slammed

NATIONAL PARTY
FIRST HOME BUYER GRANTS SLAMMED


By Hugh Pavletich
Co author - Annual Demographia International Housing Affordability Survey
Performance Urban Planning
24 August 2014

Christchurch
New Zealand

The first home buyers grants announced by Prime Minister John Key at the launch of the National Party Campaaign should properly be regarded as a Land Speculators Welfare Scheme … paid for unnecessarily out of young first home buyers savings and by excessively taxed taxpayers.

This is a cynical attempt by the National Party to buy votes at others expense.

It only fuels housing inflation.

It is likely the Reserve Bank will need to respond by lifting deposit requirements further and increasing interest rates.

This will in turn lift the $NZ dollar, damaging the export sector further.

So far this year, the dairy sector has taken a 40% hit in prices … the logging sector a 50% hit.

New Zealand economy is extremely vulnerable (refer … New Zealand’s Bubble Economy Is Vulnerable and China: Big Bubble Trouble ) .

With this cynical approach to the housing issue, Mr Key is punishing our exporters as well, by not allowing the $NZ to adjust to these dramatic price falls.

This will cost jobs … and risk putting vulnerable exporters to the wall … unnecessarily.

The National led Government is well aware the housing problems are impediments to affordable new supply.

Deputy Prime Minister Bill English made clear at the major October 2012 Government Housing Announcement, that the focus must be on …

*land supply
*infrastructure financing
*process
*construction costs

This was followed up with the Housing Accords legislation … and weak Accords entered in to with a number of Local Authorities by Housing Minister Dr Nick Smith.

All talk and no action.

The National led Government promised some 6 years ago in the lead up to the 2008 election campaign that it would deal with the impediments to affordable new housing supply.

Soon after, then Housing Minister Phil Heatley made this clear at the time of the release of the Demographia Survey early in 2009. ( refer … Bringing better balance to the housing market ) ..

Prime Minister “can kicker” John Key has always been “flaky” on housing (refer Housing: Mr Key – Get on the Programme ).

Mr Key is more interested in looking after the interests of Land Speculators and engaging in Crony Capitalism (refer … refer YouTube Video ... CRONY CHRONICLES: I WANT TO BE A CRONY ).

The problem for Mr Key, is that the public can see through his cynical Crony Capitalism.

ENDS

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Syriza Win Greek Election: The Rumblings Of The Left

Binoy Kampmark: The left – and by this, the genuine, progressive, unmanagerial left – is getting noisy. The Greek elections are upon us, with the similar challenges being played out from 2012. There are fears of Grexit – a heavy breathing departure from the eurozone that will do everything to rattle the central currency mechanism that has been taking a battering... More>>

ALSO:

A Public Conversation: Reinventing News As A Public Right

Alastair Thompson: Oh how the mighty have fallen. Once journalism was possibly a noble profession, though that is certainly now, to quote our Prime Minister, a 'contestable' notion. It certainly seemed at least a little noble when I joined the ranks of reporters in 1989 . But ... More>>

ALSO:

Bear Baiting: Michael Hammerschlag On The View From Inside Ukraine

Russia's economy and currency are collapsing from oil price drop and sanctions, but Ukraine's is dropping faster: 60% drop in hryvna. Russia can survive it, but Ukraine is tottering on collapse and default... MORE >>

More On Oil & Russia :

More Year End Commentary :

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news