Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | 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

 

Any Questions: Scoop Launches New Q&A Website

It’s an easy way to find out party positions and allows you to view candidates’ answers side by side. It’s also a way for you to make your voice heard this election, and get the parties talking about the things that are important to you. More>>

ALSO:

Rawiri Taonui: The Maori Election

The election battle for the Maori seats 2017 opened last year when Maori Party President Tuku Morgan announced a peace deal with the Mana Movement aimed at securing all the Maori seats and holding the balance of power. More>>

Scoop HiveMind Project: Universal Basic Income - Are We Up For It?

This is an opportunity for you as one of the 4 million potential funders and recipients of a Universal Basic Income to collectively consider the issue:
1. Is UBI is a desirable policy for New Zealand; and
2. How should a UBI system work in practice. More>>

ALSO:

Lyndon Hood: National Announces Plan To Hit Youth With Big Mallets

The National party has announced its youth justice policy, which includes a controversial plan for recidivist serious youth offenders to be hit over the head with a comically large rubber mallet. More>>

ALSO:

Lyndon Hood: This ->

It's been brought to my attention that Labour's new campaign slogan is "Let's do this". A collective call to action. A mission. I myself was halfway out of the couch before I realised I wasn't sure what it was I was supposed to do. More>>

ALSO:

Scoop Hivemind Report: What New Zealanders Think About Affordable Housing

Ordinary citizens have had very few venues where they can debate and discuss as to what they believe has led to the crisis in affordable housing and how we might begin to address this. The HiveMind on affordable housing was about redressing the balance. More>>

ALSO: