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

 

PARLIAMENT TODAY:

Harmful Digital Communication Bill Passes: Focus Must Be On Education

InternetNZ acknowledges the passage of the Harmful Digital Communications Bill into law this afternoon, and says that the sooner the education efforts at the heart of the legislation start, the better... More>>

ALSO:

3-Year Transport Plan: No Plans On Six Northland-Election Bridges

The Transport Authority’s decision to fund only four of the 10 bridges promised in National’s shameless Northland by-election bribe is a huge embarrassment for Transport Minister Simon Bridges, Labour’s Transport spokesperson Phil Twyford says. More>>

ALSO:

Gaza Blockade: Māori TV Crew Returning Safely From Israel

A Māori Television crew will be flown back from Israel after their boat was detained by the Israeli Navy while attempting to break the Gaza blockade. More>>

ALSO:

Family Violence: Increasing Reporting But Fewer Resolutions

“We are aware the Police have embarked on a significant programme of change in how they respond to family violence. The data suggests that adequate resourcing including investing in staff training, support and culture change will be required for this to be effective.” More>>

ALSO:

Health: NZ Children Still Suffer Rickets From Lack Of Vitamin D

Vitamin D deficiency continues to cause rickets in young New Zealanders, new University of Otago research has found. The researchers say that their finding suggests that at-risk mothers and children should be better targeted for Vitamin D supplementation. More>>

Also GPs, Housing, Milk: PM Press Conference On The UN Security Council

In a press conference today the Prime Minister discussed the upcoming appointment of New Zealand to chair the UN Security Council. He said they would put pressure Asad in Syria and attempt to “jump start” negotiations between Israel and Palestine. More>>

ALSO:

Housing: State Houses Could Sell To Overseas Groups

Bill English’s admission that he would sell hundreds of New Zealand’s state houses to the Australians is the latest lurch in the Government’s stumbling, half-baked housing policy, Labour’s housing spokesperson Phil Twyford says. More>>

ALSO:

AND:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news