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

 


Fall in homeownership shows need for new policies

18 March 2014

Fall in homeownership shows need for new policies

Newly released census data shows that more and more Kiwi families are being locked out of the housing market and facing rapidly rising rents, at the same time as rising electricity prices making heating homes more costly, Green Party housing spokesperson Holly Walker said today.

Data released today from Census 2013 shows that the homeownership rate has fallen to its lowest level in decades. 43% of people aged 30–39 years owned or partly owned their home, down from 54.6 percent in 2001. The number of private rentals has surged by 19% since the last census while the median rent has risen by 40%.

The census also shows that 79% of families use electricity for household heating, up from 74% in 2006, which means rapidly rising power prices will put more strain on families’ ability to keep their homes warm and healthy.

“These new figures show that National has failed to make owning a home affordable for Kiwi families,” said Ms Walker.

“Under National, house prices have risen by 50% in Auckland, far outstripping incomes. With poorly implemented Loan to Value Ratios making it even harder for a young family to buy a house, no wonder homeownership is plummeting.

“The huge fall in the percentage of people in their 30s who own their home is a real concern. Traditionally, people would be buying a house and settling down to start a family in their 30s, but that has become an unaffordable dream for many. More and more families are locked out of homeownership and are facing rapid increases in rents.

“The Greens have smart policy solutions to make housing affordable and boost home ownership. We’ll help first home buyers with a low-interest package for buying their first home under our Progressive Ownership policy. We’ll put a stop to speculators bidding up house prices with restrictions on overseas investment and a capital gains tax (excluding the family home). Under the Green plan, the government will take the lead in building affordable houses for families to buy and rent.

“With four out of five homes now relying on electricity for their heating, the big power price rises that we’re seeing under National will really bite this winter. The Greens’ policies of NZ Power, Progressive Pricing, and Solar Homes will help families take control and reduce their power bills, so they can keep their homes warm and healthy,” said Ms Walker.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Election Day: National Win

With all votes counted National and John Key have won a third term and are close to being able to govern alone if they so choose.

Key has indicated he will still reach out to form a Government with ACT, United Future and Maori Party.

National ended the night on 48 percent, Labour 24.6 and the Greens 10. Though special votes might change the margins it is certainly a third term victory for Key defying the political gravity which usually hits parties seeking a third term. Increasing National’s party share is a remarkable political achievement...More>>

Overall Results | Live Results | Predictions |

 


Perfectly-Timed Anniversaries: Suffrage Day Is Last Chance To Enrol

“The last chance to enrol is Friday 19 September. You can’t enrol on election day.” More>>

ALSO:

Gordon Campbell: On First Time Voting (Greens)

For the last two days, I’ve turned my column over to a couple of guest columnists who are first time voters… Today’s guest columnist is Ana Avia-O’Connor, who will be casting her first time vote on Saturday for the Greens. More>>

ALSO:

Meddling: Aussie Liberals Embroiled In Key Campaign

John Key needs to explain why Australia’s Liberal Party is interfering in New Zealand domestic politics and is encouraging Kiwi voters across the ditch to vote for National just days out from the election, Labour’s campaign spokesperson Annette King says. More>>

ALSO:

SURVEILLANCE:

Election Ad Soundtrack: Rapper Eminem Sues National Party Over Copyright Breach

US rapper Eminem is suing the New Zealand National Party for alleged copyright infringement over unauthorised use of the rapper’s ‘Lose Yourself’ song in an election campaign advertisement. More>>

ALSO:

Big March: Call For An End To Domestic Violence

Hundreds of protesters marched down Lambton Quay to Parliament Monday calling for an end to domestic violence. Wearing white facemasks, waving banners and calling for “safety” for the women and children of New Zealand.. More>>

ALSO:

Pre-Election Chartering: Four New Partnership Schools To Open

Education Minister Hekia Parata today announced the Government has signed contracts to open four new Partnership Schools in 2015. More>>

ALSO:

Werewolf 50 Out Now - The Election Issue: Loss Leaders

Gordon Campbell: A third term requires a mature decision, with eyes wide open. It calls for a conscious vote of confidence… Without trying hard here are about 19 reasons, in no particular order, for not ticking ‘party vote’ National. More>>

ALSO:

Not-Especially New Plans: All Prisons To Become Working Prisons Under National

All public prisons in New Zealand will become full working prisons by 2017, and ex-prisoners will receive post-release drug addiction treatment if National is returned to government, says Corrections Spokesperson Anne Tolley. More>>

ALSO:

Māngere: "False Claim Of Matai Title" - Labour

National must explain why its candidate for Māngere Misa Fia Turner appears to be using a Matai title she is not entitled to, Labour’s MP for Māngere and Pacific Islands Affairs spokesperson Su’a William Sio says. A Matai title is a legally-recognised ... More>>

ALSO:

CPAG Report: No New Zealand Child Should Grow Up In Poverty

Child Poverty Action Group's flagship policy publication Our Children, Our Choice: Priorities for Policy calls for cross party political agreement to underpin an action plan to eliminate child poverty in New Zealand. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news