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

 

Max Rashbrooke: A Failure Of Measurement: Inside The Budget Lock-Up

Shortly after the embargo lifted at 2pm news organisations started filing reports claiming that health, and to a lesser extent housing and education, were the ‘big winners’ out of the Budget. It failed to take into account the fact that in most cases the apparent increases were in fact cuts. Because of the twin effects of inflation and population. More>>

ALSO:

DOCtored Figures: Minister Clarifies DOC Budget

“Commentators have overlooked the fact $20.7m of that perceived shortfall is new funding for Battle for our Birds 2016, provided for in last week’s Budget...” DOC also has approval in principle to carry over a further $20m to 16/17 due to unexpected delays in a number of projects. More>>

ALSO:

For The Birds: Gordon Campbell On The Budget

Budgies, so their Wikipedia page says, are popular pets around the world due to their small size, low cost, and ability to mimic human speech. Which is a reasonably good description of Finance Minister Bill English eighth Budget. . More>>

Max Rashbrooke On The 2016 Budget

The best label for this year’s announcement by Bill English might be the ‘Bare Minimum Budget’. It does the bare minimum to defuse potential political damage in a range of areas – homelessness and health are prime among them – but almost nothing to address the country’s most deep-rooted, systemic social problems. Indeed the Budget hints that these problems may get worse. More>>

ALSO:

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news