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


No winners in National’s housing crisis

Housing Spokesperson

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


Police Authority: Use Of Taser Was Disproportionate And Unjustified

The Independent Police Conduct Authority has found that an officer’s second use of a Taser on a mentally unwell Hokitika man was disproportionate and unjustified. More>>


Gordon Campbell: On Holidays, Hekia Parata And Badlands

Hekia Parata, adieu. Reportedly, she’s been ‘passionate’ about education. She has “bravely’ led the charge on the government’s education reforms. In the past week , many of the postscripts to Hekia Parata’s career as Education Minister have sounded like a schoolteacher desperately trying to find some reason why a D student can be marked up to C minus. More>>


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>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news