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

 


Time for Nick Smith to listen up

Phil TWYFORD

Housing Spokesperson

Auckland Issues Spokesperson

13 October 2013       MEDIA STATEMENT

Time for Nick Smith to listen up

With newly re-elected Auckland Mayor Len Brown adding his voice to those calling for first home buyers to be exempted from mortgage lending restrictions, it is time for Housing Minister Nick Smith to sit up and take notice, says Labour’s Housing spokesperson Phil Twyford.

“Mayor Brown’s mandate – a whopping 55 000 vote majority – gives him a platform to advocate on behalf of Aucklanders with the Beehive. Housing and transport are Auckland’s two big challenges. After his success turning the Government around on the City Rail Link, it is great that the Mayor is now taking up the cudgels on housing.

“He is quite right to remind the Government that the Loan to Value Ratio lending restrictions are locking first home buyers out of the market. Combined with spiralling house prices – up 18% in Auckland over the last year – it is a toxic cocktail.

“Labour is critical of the weak affordability provisions in the planned special housing areas. We are worried the result will be row upon row of McMansions instead of the affordable first homes Aucklanders need.

“But if LVR lending restrictions don’t exempt first home buyers, the policy is doubly ineffective with the way left clear for speculators to snap up the McMansions anyway.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news