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

 


Key complicit in first home buyers’ plight

David Shearer
Labour Leader

23 July 2013

Key complicit in first home buyers’ plight

John Key must be kidding with his claim today that first home buyers are a priority for the National Government, says the Labour Leader David Shearer.

“The dream of home ownership is already beyond the reach of hundreds of thousands of Kiwis, and when the Reserve Bank introduces limits on high Loan to Value Ratio (LVR) lending things will only get worse.

“John Key’s Government gave the Reserve Bank the power to use LVRs knowing full well it could add $50-60,000 to the deposit for an average Auckland house.

“Who will be able to afford to find that sort of money? Certainly not first home buyers.

“John Key wants the New Zealanders to believe that the problems facing first home buyers are nothing to do with him. In fact they are a direct result of his inaction.

“The National Government has failed to address the real issues in the housing market. John Key’s out of touch, and he’s put the interests of property speculators ahead of people looking to buy their first home.

“Labour will roll up its sleeves and tackle both supply and demand. We will build 100,000 affordable homes over 10 years for first time buyers. We’ll tax property speculation to take the heat out of the market. And we will protect first home buyers with an interim exemption from LVRs until the rampant housing market is brought under control.

“Labour’s plan will give first home buyers hope, and a realistic chance to get into an affordable home that they can call their own,” says David Shearer.

ENDS

© 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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news