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

 


Latest migration stats bad news for house prices

Phil

TWYFORD

Housing Spokesperson

21 May 2014 MEDIA STATEMENT
Latest migration stats bad news for house prices

New statistics showing New Zealand had its second highest net migration rate in April is evidence the Government must take action to curb the pressure on house prices and inflation, Labour’s Housing spokesperson Phil Twyford says.

“New Zealand had a seasonally adjusted net gain of 4,100 migrants in April. The only time it has been higher was in February 2003 when a large number of overseas students arrived to study at our universities.

“These new migrants will need to find about 1500 homes.

“High migration is adding to the housing crisis, particularly in Auckland and Christchurch where affordable homes are becoming a rare commodity.

“Labour stands for a vibrant, multicultural New Zealand and values the contribution our migrant communities make. We support migration on humanitarian grounds.

“However, it is important that migration is not making life harder for ordinary Kiwis. More people in New Zealand means higher house prices and higher interest rates.

“The Government cannot continue to ignore the housing crisis.

“A Labour government will manage migration at stable levels, curb rising house prices by clamping down on speculators and taxing capital gain, and build 100,000 affordable houses,” Phil Twyford says.

ENDS


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news