Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Home Ownership - The Impossible Dream

29 July 2004

Home Ownership - The Impossible Dream

New Zealand First housing spokesperson Brent Catchpole says too many Kiwis are being denied the opportunity to purchase a home in the wake of ever-increasing property prices.

Mr Catchpole’s comments follow the release of a report stating that the recent increases in the cost of land over the past 10 years has meant that to qualify for a mortgage, household income had to increase $2890 for every $10,000 increase in housing costs.

The report also states that affordability had reduced most significantly for renters, especially in Auckland.

“The dream of home ownership for many seems to be slipping further and further out of reach. New Zealand is facing a housing crisis and the number of people who cannot afford to own their own home is increasing all the time,” said Mr Catchpole.

“The rising student debt, rising interest rates and the influx of immigrants into this country has meant that housing prices are escalating beyond reasonable expectation, and the incentive to save for a house is disappearing.

“Now the home, the basis of family life, is becoming a luxury, which low income earners will never be in a position to afford. Instead, they will spend their lives struggling to pay for someone else’s property,” said Mr Catchpole.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: on the inquiry into the abuse of children in care

Apparently, PM Jacinda Ardern has chosen to exclude faith-based institutions from the government’s promised inquiry into the abuse of children in state care.

Any role for religious institutions – eg the Catholic Church – would be only to observe and to learn from any revelations that arise from the inquiry’s self-limiting focus on state-run institutions… More

 

Gordon Campbell: On Jim Anderton
For anyone born after 1975, it is hard to grasp just how important a figure Jim Anderton was, for an entire generation.
During the mid to late 1980s, Anderton was the only significant public figure of resistance to the Labour government’s headlong embrace of Thatcherism...More>>

ALSO:


Gong Time: New Year's Honours List

Jacinda Ardern today congratulated the 179 New Zealanders named on the 2018 New Year’s Honours List.

“Although this list was compiled and completed by the last government, it is a pleasure to welcome in the New Year by recognising exceptional New Zealanders,” Jacinda Ardern said.

“As an Aunty, I love reading books to my nieces, so it’s lovely to congratulate Joy Cowley, who is made a member of the Order of New Zealand today....More
Full list


Roads: National launches bid to save highway projects

The National Party has launched a series of petitions aimed at saving regional highway projects at risk because of the Government’s obsession with Auckland trams…More>>

ALSO:


Medical Cannabis: Bill Introduced to “ease suffering”

Health Minister Dr David Clark says making medicinal cannabis more readily available will help relieve the suffering of people who are dying in pain More>>

ALSO:

Campbell: On The Quest For Zero Net Carbon Emissions
Some would querulously ask, zero net carbon emissions by 2050 – while others would say, why not?
More>>

ALSO:

CPAG Report: The Further Fraying Of The Welfare Safety Net

New Zealand’s welfare system has undergone a major transformation during the past three decades. This process has seriously thwarted the original intent of the system, which was to provide a decent standard of living for all New Zealanders in times of need... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages