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


PM: Housing Crisis? What Housing crisis?

PM: Housing Crisis? What Housing crisis?

If John Key truly believes there is no housing crisis in this country, he is completely out of touch with reality and the New Zealand public, Labour Leader David Cunliffe says.

“The OECD has found New Zealand has the most over-priced housing in the Western world. This confirms what Kiwis already know: property speculators and mortgage restrictions are locking them out of the dream of home ownership.

“We have a housing crisis, yet the Prime Minister is in denial.

“John Key also claims there is more demand for houses because the economy is ‘buoyant’ and wages are growing. I’m sure the 46 per cent of Kiwis that didn’t get a pay rise last year will disagree.

“Net migration is expected to tip over 35,000 next year. Those migrants will require almost 13,000 new houses, with 6300 of those in Auckland alone. The Government’s housing accord will build 7176 new homes per year at current rates in Auckland, meaning up to 80 per cent of those homes will be needed to absorb rising immigration.

“Meanwhile, National offered nothing in this year’s Budget to address the housing crisis other than removing tariffs off building materials which accounts for less than 1 per cent of house prices and may well not be passed on to home buyers.

“Labour has the policies and willingness to tackle both the demand and supply side of the housing crisis. A Labour government will reign in rising house prices by clamping down on speculators, taxing capital gain and building 100,000 affordable houses under our KiwiBuild programme,” David Cunliffe says.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news