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

Anzac Day:


Reshuffle: PM Announces Changes To Ministerial Portfolios

Prime Minister Bill English today announced the appointment of Gerry Brownlee as Minister of Foreign Affairs, Nathan Guy as Minister of Civil Defence, Nikki Kaye as Minister of Education and Mark Mitchell as Minister of Defence.

The changes follow the resignations from Cabinet of Hekia Parata and Murray McCully.

In other changes Simon Bridges has been appointed Leader of the House and Nicky Wagner has been made Minister supporting Greater Christchurch Regeneration. More>>

 

Q+A Transcript: CTU Call For 'National Standards' On Wages

‘If you look at countries who do better than us, who pay wages better, who have more competitive industries, more successful economies, they have systems where there are national standards.’ More>>

ALSO:

Health Workers Respond: People's Mental Health Report Released

The People's Mental Health Review reinforces a recent YesWeCare.nz survey of 6,000 health workers, which found nine in 10 believe they don't have the staff or resources to deliver the care Kiwis need when they need it. More>>

ALSO:

More Mental Health:

Energy: Greens Launch Plan For Cheaper And Cleaner Electricity

$112 million for winter warm-up payments to help low-income households cover their power bills • setting a goal for 100 percent renewable electricity by 2030 (in average hydrological conditions) • an investigation into the electricity wholesale market. More>>

ALSO:

Gordon Campbell: On The Aged-Care Settlement

Until yesterday, a National government has always been the sworn enemy of women seeking justice in the workplace, in the face of gender-based pay discrimination. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news