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

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news