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

 


No winners in National’s housing crisis

Phil
TWYFORD
Housing Spokesperson

30 June 2014 MEDIA STATEMENT
No winners in National’s housing crisis

There are no winners in news today that housing affordability has deteriorated again, says Labour’s Housing spokesperson Phil Twyford.

Massey University’s Home Affordability Report shows a decline in affordability of 7.6 per cent over the past year due to rising house prices in Auckland and Canterbury. It also shows rising interest rates are hitting homeowners all over the country.

“Just as alarming is news that consent numbers are falling. Building consents in the critical Auckland market have dropped again, raising doubts about the Government’s strategy to speed up these approvals. Auckland had 611 in the last month (including apartments) down from 697 the month before. This is also lower than the same time last year when 628 dwellings were consented.

“Housing is a lose-lose right now. Everyone is getting it in the neck because of National’s failed housing policy:

• Aucklanders face rocketing house prices.
• Cantabrians have to deal with sky high rents because fewer than 1000 of the 12-15,000 houses needed have been built three-and-a-half years after the quakes.
• First home buyers are shut out by loan-to-value ratio 20 per cent minimum deposits.
• Homeowners are forking out thousands of dollars a year on mortgage repayments due to rising interest rates.
• Homeowners in regional New Zealand are losing equity in their homes. Real Estate Institute data shows prices in Taranaki down $10,500, Manawatu/Wanganui down $9500, Nelson/Marlborough down $3625 and Southland down $22,500.
• Parents and grandparents watch while their children and grandchildren give up on the dream of home ownership.

“It is time the Government rethought its housing policy. Its refusal to crack down on speculators or actually build affordable houses has allowed the crisis to get away on them. Its policy of tweaking the planning rules and hoping the market will build enough houses has failed.

“Labour will fix the housing crisis by building 10,000 affordable starter homes every year for a decade, tax speculators through a capital gains tax that excludes the family home, reform monetary policy to lower interest rates, and incentivise Councils to promote more building through a National Policy Statement on affordable housing under the Resource Management Act,” Phil Twyford says.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

AMA: Scoop's 'Invisible Paywall'

Operation Chrysalis: The Final Countdown - Thanks & There's Still Time To Pledge

Phew! We are now counting down the hours to the end of this crowd-funding campaign at 11pm on Sunday. Thankyou to all those Scoop readers and supporters who have pledged already. You have been awesome. But this is not over yet. More>>

 
 

PARLIAMENT TODAY:

IPCA Reports: Significant Problems In Police Custody

In releasing two reports today, the Independent Police Conduct Authority has highlighted a number of significant problems with the way in which Police deal with people who are detained in Police cells. More>>

ALSO:

Inspector-General of Intelligence and Security: Inquiry Into GCSB Pacific Allegations

The complaints follow recent public allegations about GCSB activities. The complaints, and these public allegations, raise wider questions regarding the collection, retention and sharing of communications data. More>>

ALSO:

TPPA Investment Leak: "NZ Surrender To US" On Corporates Suing Governments

Professor Jane Kelsey: ‘As anticipated, the deal gives foreign investors from the TPPA countries special rights, and the power to sue the government in private offshore tribunals for massive damages if new laws, or even court decisions, significantly affected their bottom line’. More>>

ALSO:

Werewolf: The Myth Of Steven Joyce

Gordon Campbell: The myth of competence that’s been woven around Steven Joyce – the Key government’s “Minister of Everything” and “Mr Fixit” – has been disseminated from high-rises to hamlets, across the country... More>>

ALSO:

RMTU: No Public Submissions On International Government Procurement Deal

“The government is preparing to assent to the Government Procurement Agreement, a World Trade Organisation Treaty which opens up New Zealand Government contracts to foreign companies and closes the door on local businesses and their workers. However the Foreign Affairs, Defence and Trade Select Committee is refusing to take public submissions on the decision.” More>>

ALSO:

Gordon Campbell:
On Pacific Spying

So New Zealand spied on its friends and allies in the Pacific – and has not only been passing on the results to the NSA, but has apparently passed on the details of the Pacific’s relations with Taiwan to our other best friends, the Chinese. On the side, the Key government has also been using the security services to gauge the chances of Trade Minister Tim Groser landing the top job at the WTO... More>>

ALSO:

State Housing Transfer: Salvation Army Opts Out

The Salvation Army has decided against negotiating with Government for the transfer of Housing New Zealand stock.
More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news