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

Bullish On China Shopping: Trade Minister On Premier's Visit

Q+A: Trade Minister Todd McClay – not ruling out a conversation around Chinese workers coming to New Zealand to work on infrastructure projects as part of trade talks:

‘Yeah, well, that’s not something that’s on the table at the moment, but, look, what we’ve agreed as part of the, you know, when we start the upgrade negotiation, both sides can raise issues that are of importance to them. We’ve got a list of things we want to talk about. China may well have.’ More>>

 

Little Heading For Court: Apology Over Donation/Hotel Contract Claims Not Accepted

Today I want to publicly apologise unreservedly to Mr Hagaman for any hurt, embarrassment or adverse reflection on his reputation which may have resulted from my various media statements. I have offered that apology to the Hagamans. More>>

ALSO:

Biscuit Tin Of Democracy: World Heritage Site Protection, Ombudsman and Equal Pay Bills Drawn

On Thursday, 23 March 2017 three places are available on the Order Paper for the first reading of a Member’s bill. The ballot was held, and resulted in the following bills being drawn... More>>

ALSO:

Emissions Plan: NZ Needs More Science, More Trees, Fewer Beasts

A combination of technology breakthroughs, much more plantation forestry, and a big switch away from pastoral, particularly dairy farming, are identified as the key elements of any approach New Zealand takes to reducing its carbon emissions to a net zero level, according to a new report sponsored by the New Zealand chapter of GLOBE, a multi-party, global parliamentary grouping. More>>

ALSO:

"Backed To Win Seats": Labour Māori Seat MPs Won't Stand On List

The Labour Party is backing a request from its Māori seat MPs to stand as electorate MPs only, says Labour Leader Andrew Little. More>>

OutsKey: John Key's Valedictory Speech

I rise to address this House for the very last time. It has been a huge privilege to have served the people of Helensville as their member of Parliament, and, of course, the people of New Zealand as their Prime Minister. More>>

ALSO:

Productivity Commission: New Models Of Tertiary Education Are Coming

The report is a broad-ranging inquiry into how well New Zealand’s tertiary education system is set up to respond to emerging trends in technology and the internationalisation of education, and changes in the structure of the population, and the skills needed in the economy and society... More>>

ALSO:

PM's Press Conference: Water Everywhere

Monday's Post-Cabinet press conference focused on water, with the Prime Minister fielding questions about the possibility pricing water taken for export. Mr English said the government was directing their water allocation technical advisory group to include export water in considerations. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news