Parliament

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

 

Report shows progress on housing plans for future

Hon Maryan Street
Minister for Housing

Report shows progress on housing plans for future

A report examining the drivers of house price rises and potential policy solutions, and papers outlining progress on the government's housing affordability plan for the future, were released today said Housing Minister Maryan Street.

The Final Report of the House Prices Unit: House Price Increases and Housing in New Zealand was today posted on the website of the Department of Prime Minister and Cabinet (DPMC). The unit has been co-ordinating a multi-agency research report examining the causes of house price increases.

"It examines how these have impacted on home ownership levels, the rental market, and the vision of the New Zealand Housing Strategy 'that all New Zealanders have access to affordable, sustainable, good quality housing appropriate to their needs," Maryan Street said.

"The unit was also asked to identify options to address growing concern about housing affordability. The report reveals that a complex number of factors has influenced house price rises, identifies areas requiring further work, and highlights the careful balancing act required in developing policy solutions."

"I have also released a Cabinet paper on the government's policy response, based on the advice received. The minute of a subsequent Cabinet paper detailing sped-up time frames is also being released."

"The comprehensiveness of the report and the speed with which the government is working to give effect to the solutions demonstrates its commitment to a plan for housing affordability for the future," Maryan Street said.

"We have a range of initiatives to increase the number of affordable homes being built for first home buyers. The role of the not-for-profit sector in increasing the amount of affordable owner-occupied and rental homes available is also under investigation."

"While modest falls in house prices are likely in coming months, no one is predicting a return to 2002 levels which were 80 per cent lower than today. If we want to arrest declining home ownership rates, we need pro-active policy."

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Another Leader Exiting: Statement From Peter Dunne

I have concluded, based on recent polling, and other soundings I have been taking over the last few weeks, that, the volatility and uncertainty notwithstanding, there is now a mood amongst Ōhāriu voters for a change of MP, which is unlikely to alter...

“I have therefore decided that it is time for me to stand aside, so the people of Ōhāriu can elect a new electorate MP. More>>

 

Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>

ALSO:

Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election