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

 

PARLIAMENT TODAY:

Flyover Over: NZTA Not Appealing Flyover Decision

The NZ Transport Agency has decided not to appeal the High Court’s Basin Bridge decision, and says the High Court’s findings provide valuable clarity to help guide the development of future infrastructure projects throughout the country. More>>

ALSO:

Developing Crown Land: Government, Auckland Iwi Reach Agreement

The government has reached agreement with Ngati Whatua and other Auckland iwi over developing 500 hectares of excess land in Auckland for private housing which had been under High Court challenge. More>>

ALSO:

Gordon Campbell: On Maurice Williamson

Maurice Williamson seems to have been granted an annual licence to embarrass the National Party, and its that time of year again. Also as per usual, Williamson’s recent exercise in sexism and homophobia has passed by with barely a murmur from his leader. More>>

ALSO:

Green Climate Plan: Shaw Launches 40% Emission Cut Target

Green Party co-leader James Shaw has announced an emissions target initiative for 40% reduction by 2030. He said agriculture has to long been used as a reason for inaction, a roadblock to action... He proposed a tax of 8 cents per kilo of milk. More>>

ALSO:


Images & Video: Four Alternative Flags For Referendum

Flag Consideration Panel chair, Professor John Burrows, said the Panel’s decision had been guided first and foremost by the results of its engagement programme across a range of communities where thousands of Kiwis shared what was special about New Zealand, as well as the Panel’s own selection criteria. More>>

ALSO:

Transport Report: LGNZ Calls For Proactive Approach To Mobilise Regions

LGNZ has today released Mobilising the Regions, its major transport study, which highlights the economic and social impact of strategic transport decisions nationally and in the regions, and the direct link between regional development, national prosperity, social well-being and cohesiveness. More>>

ALSO:

Transport: New Rules Bring Double-Deckers To Our Cities

New rules that allow buses, including double-deckers, to carry more people will ramp up the public transport offering in our cities, Transport Minister Simon Bridges and Associate Transport Minister Craig Foss say. More>>

ALSO:

Cycling:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news