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

 


It’s official – New Zealand housing is too expensive

It’s official – New Zealand housing is too expensive


The IMF has confirmed that New Zealand has some of the most unaffordable housing in the world, says Labour’s Housing spokesperson Phil Twyford.

“Following hard on the heels of a critical OECD report in May, the IMF says New Zealand has the third highest rate of housing price growth at 9 per cent. We are only beaten by Hong Kong and the Philippines.

“This makes the Government’s decision to have an almost housing free budget in May even more unfathomable.

“The IMF report also shows New Zealand house prices are way out of step with what has been the country’s historic average. House prices compared to incomes are now above historic levels by 30 per cent, the fourth highest in the countries surveyed.

“The difference in the house price to rent ratio is 80%, the second highest in the survey.

“This Government has sat on its hands while the housing crisis has got away on them. The Prime Minister even denies there is a crisis.

“We need to restore housing affordability to give every New Zealander the opportunity to own their own home.

“Labour has a positive plan to fix the housing crisis. This includes building 100,000 affordable homes, cracking down on speculators, and reforming monetary policy.”

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