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


Labour home loans scheme misses the mark

Phil Heatley MP National Party Housing Spokesman

14 June 2006

Labour home loans scheme misses the mark

National Party Housing spokesman Phil Heatley says Labour's 'Welcome Home Loans' scheme is failing to live up to the hype that surrounded its launch.

"The Government had hoped to assist 8,000 first home buyers a year through the scheme, but figures show only 1,629 loans have been approved since its launch in 2003.

"This is a failure by any measure. The programme has been accompanied by an expensive advertising blitz, but even so - few people are opting in.

"Housing Minister Chris Carter has confessed to the failure, but in spite of that is pressing ahead with a plan to expand the scheme, with new add-ons.

"Surely his first consideration should be whether the existing policy is working. The numbers suggest it is not.

"The low-level of interest in the loans, coupled with the considerable level of bureaucracy that goes with it, means the Government must re-think its approach," says Mr Heatley.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news