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

 

Departure Speech: Governor-General’s State Farewell Luncheon

"...Unfortunately I was unable to get to the Antarctic, the Chatham Islands and the Kermadecs. A dicky heart thwarted our travel to the Antarctic; and even though I volunteered to parachute into the Kermadecs to join the Young Blake expedition, time, commitments and officials frustrated my plans to visit the Kermadecs and Chathams." More>>

ALSO:

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news