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

 


Auckland home buyers $220,000 worse off under National

Auckland home buyers now only $220,000 worse off under National

New home buyers in Auckland are on average $228,400 worse off when buying a home now than when National came to power, and National’s meek deposit policy does nothing to make housing more affordable says the Green Party.

“Since National came to power in 2008 the median house price in Auckland has risen by $228,400. Today’s announcement is a meek band aid solution to a much more serious problem,” said Green Party Co-leader Dr Russel Norman.

“National chucking a few dollars at deposits does almost nothing to offset the massive increase in the average house price under their watch.

“While first home buyers will no doubt welcome any additional support, the reality is that it is a drop in the bucket. First home buyers will still be over $220,000 behind where they were in 2008 due to average price increases

“The only real difference to the current KiwiSaver policy is some home buyers will get up to $5000 more for a mortgage to buy an expensive new home. That extra subsidy doesn’t even touch the sides of offsetting the $228,400 increase in the median house price in Auckland.

“A few thousand dollars more for a deposit doesn’t address the much bigger issues of mortgage servicing and the lack of supply of genuinely affordable houses.

“This policy is underwhelming. If you are ineligible for the Home Start grant, all National is offering you is a few hundred dollars more a year, of your own savings, to go towards a deposit on increasingly expensive houses.

“National’s announcement does nothing to actually make houses more affordable or increase the supply of affordable homes.

“In Government, the Green Party will take real steps to assist with home affordability. We will introduce a capital gains tax (excluding the family home) and place restrictions on foreign investors to dampen housing speculation.

“We will increase the supply of affordable house by undertaking a programme of state building affordable houses and state houses.

“Our Progressive Ownership policy will allow low income families to 'rent-to-own' government-built houses at an affordable price.

“The Green’s policy addresses the real drivers of housing affordability and will deliver for those New Zealanders who have been priced out of the market under National.”

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

CPAG: Government Spends Over $100K Pursuing Beneficiary

For the past fifteen years, Kathryn, now in her fifties and living alone with chronic ill health on a benefit, has been challenging the decision by the MSD that she has to pay back $117,000. She has no assets or savings and cannot afford to pay for fresh food or therapy that would improve her health. More>>

ALSO:

Labour: National’s Cuts Shave $100K Off KiwiSaver By Retirement

New analysis shows National’s constant cuts to KiwiSaver will reduce the average worker’s retirement savings by $100,000 over their working life, Leader of the Opposition Andrew Little says... Since coming to office it has made five separate cuts to the scheme." More>>

ALSO:

Auckland: Transport Operators Switch From SuperGold To AT HOP Cards

Seniors using Auckland’s public transport will need to use their AT HOP cards from today but Auckland Transport has requested its operators to show understanding for those customers yet to complete the switch from SuperGold cards. More>>

ALSO:

Crime Stats: Burglary Up 11.9%

“While burglary rates are still below that of recent years, there has been an increase of more than 10 per cent over the past 12 months, which is of concern to Police and something we are determined to tackle,” says Police Commissioner Mike Bush. More>>

ALSO:

Help: Lifeline Aotearoa Fighting For Survival

Lifeline Aotearoa has announced it only has enough money to run for one more year. By 30 June 2017, all available sustainability reserves and funds from a new mortgage on its Auckland property will be exhausted. More>>

ALSO:

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news