Parliament

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

Full Coverage: Budget 2017

Budget 2017 will be announced from 2pm.

Scoop has compiled pre-budget information and reaction, and will update with Budget announcements, reaction and analysis once the Budget is released. More>>

 
 

Auditor-General Stands Down For Investigation: Gordon Campbell On (Not) Taking Responsibility

So Martin Matthews, our current Auditor-General wishes he could have detected “earlier” the fraud that occurred on his watch at the Ministry of Transport. Hmmm. But he could have detected it earlier, surely? That’s the point. More>>

ALSO:

NGOs Pleased: Govt To Halt Collection Of Client Data

Brenda Pilott, the chair of ComVoices and national manager of Social Service Providers Aotearoa, congratulates the government on its decision to call a halt to the collection of individual client data until the concerns of not-for-profit service providers have been worked through. More>>

ALSO:

Gosh: Blasphemy Law Repeal Struck Down

Chris Hipkins, the MP who tabled a Supplementary Order Paper to add our Blasphemy Law to the Statutes Repeal Bill, said this was a "sad day for freedom of speech, tolerance, and leadership". More>>

ALSO:

Gordon Campbell: On The Navy’s Dealings With Fat Leonard, And Twin Peaks

At an official level, our “she’ll be right” attitude routinely spills over into a keen resentment of anyone who suggests the outcomes may be less than satisfactory… The Navy has now gone one step beyond. It won’t even ask itself whether it did a good job. More>>

ALSO:

NZDF: Fifth Rotation Of Troops Heads To Iraq

The fifth rotation of New Zealand Defence Force troops left today for a six-month mission training Iraqi soldiers. More>>

ALSO:

Gordon Campbell: On The Demonising Of Iran

Will New Zealand still be willing to pursue its recent trade overtures to Iran, now that US President Donald Trump has used his speech in Riyadh to single out Iran as the main source of terrorism and instability in the Middle East? More>>

ALSO:

 
 
 
 

Opening The Election Supporters

 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election