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

 


Half a million dollar homes affordable only on Planet Key

16 November 2012

Half a million dollar homes affordable only on Planet Key

Building a small number of expensive houses and labelling them ‘affordable’ will do nothing to alleviate the chronic shortage of houses that ordinary families can afford to buy, Green Party housing spokesperson Holly Walker said today.

The Government has announced ‘targets’ for the Hobsonville development for 10% of its houses to be priced under $400,000 and a further 10% to be priced under $485,000. That is about 500 homes in total. Those targets are inflation-indexed, so by the time the homes are actually built the prices will be even higher.

“Half a million dollars for a house might be ‘affordable’ on Planet Key, but it is far out of reach for most New Zealand families,” said Ms Walker.

“While the Government is trying to say these homes are affordable within the context of Auckland house prices, they are unaffordable when viewed within the context of real low and middle income New Zealand families and their stretched budgets.

“The fortnightly payments on a mortgage on one of these houses would be around half the net median household income in Auckland – that’s unaffordable for the typical family, let alone those on lower incomes.

“John Key once said that building affordable housing at Hobsonville would be ‘economic vandalism’ but what’s really economic vandalism is failing to provide housing that ordinary Kiwi families can afford.

“This plan consists of houses that are too expensive and too few in number to make any difference to the chronic shortfall in affordable housing in this country. It lacks any state or social housing or assistance for first-home buyers.

“It is clear what will happen: many of these houses will be snapped up by property investors who will price ordinary families out of the market and those families will remain locked into renting.

“The Greens are committed to expanding the supply of affordable housing, introducing capital gains tax to dampen speculation that forced up prices, and investigating ways to help first time buyers.

“John Key and National have never believed in providing New Zealand families with affordable housing. This announcement shows that they haven’t changed their spots, only their spin,” said Mr Walker.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Regulators: Govt To ‘Crowd-Source’ Regulatory Advice

A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More>>

ALSO:

Board Appointments: Some Minister Appoint Less The 3 In 10 Women

“It’s 2015 not 1915: Ministers who appoint less than 3 in 10 women to their boards must do better, they have no excuse but to do better,” said Dr Blue. More>>

Gordon Campbell: On The 1990s Retro Proposals For Our Health System

As we learned yesterday, the reviews propose that the democratically elected representation on DHBs should be reduced, such that community wishes will be able to be over-ridden by political appointees. In today’s revelations, the reviews also propose a return to the destructive competitive health model of the 1990s. More>>

ALSO:

Post-Cab Press Conference: Foreign Buyers Register, TPP And Serco

At a press conference today in Wellington, John Key discussed the foreign buyers register as well as the TPP and Serco. Key was questioned on whether a stamp tax might be used as a tool to deal with foreign buyers. More>>

ALSO:

Lyndon Hood Satire: Serco To Outsource Prison To Public Sector

In response to high-profile failings, multinational omnicorporation Serco will introduce public management in its prison system. Serco's New Zealand manager, speaking on condition of anonymity, has announced plans for managers from the Department of Corrections to run the Mt Eden Correctional Facility. More>>

National Party Conference: Plans To Nudge Immigrants Towards Regions

The Government will introduce a package of immigration measures aimed at improving the spread of workers, skills and investment across New Zealand, Immigration Minister Michael Woodhouse says. More>>

ALSO:

Corrections: Serco Relieved Of Control At Mt Eden Prison, Retains Contract

Multi-national private prison operator Serco has been forced to hand back control of Auckland's Mt Eden remand prison to the Department of Corrections, which has used a 'step-in' clause in its contract with Serco following a string of increasingly serious allegations about contraband, prisoner injuries and a death. More>>

ALSO:

Other Experiments: Failing Charter School Stays Open 'For Kids'

Education Minister Hekia Parata says she has given Te Pumanawa o te Wairua in Northland a chance to continue operating because of her concerns about finding other educational opportunities for its students. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news