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


Home Ownership Dream Won't Go Away

Home Ownership Dream Won't Go Away

New Zealand First is concerned that escalating house prices throughout New Zealand are locking first homeowners out of the housing market, and warns of the long-term ramifications of this in terms of the traditional kiwi lifestyle.

“The latest figures show that the New Zealand median dwelling price reached an unprecedented high of $300,000 in the December quarter, which is up 54% on the same quarter in 2002,” said Housing spokesperson Pita Paraone.

“Despite the unrelenting rise in house prices, rising interest rates and Reserve Bank warnings of trouble ahead, house sales have been consistently high for the last 3 years, illustrating that New Zealanders still regard home ownership as important and desirable.

“However, those who are trying to get a foot on the bottom rung of the ladder in such an environment have to borrow highly, which leaves them exposed to the vagaries of the market such as fluctuations in interest rates, house prices and incomes.

”New Zealand First has long warned of the implications of the decline in housing affordability to our long established and much cherished vision of ourselves as a nation of home owners.

“The last thing we want to see is hard-working New Zealanders being denied their dream of home ownership through no fault of their own. The Government has an important role to play to ensure that this doesn’t happen, and I urge the Minister of Housing to make this the highest priority,” said Mr Paraone.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news