Parliament

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

 

First home buyers $200 a week better off with Labour

First home buyers $200 a week better off with Labour


A couple earning around $75,000 a year would be $200 a week better off buying a two bedroom terraced Labour KiwiBuild home instead of an equivalent new build under National’s housing policy, says Labour Leader David Cunliffe.

“National’s policy to give grants to first home buyers to buy new build homes does nothing to address supply and rein in runaway house prices. In fact it will likely push prices higher.

“In contrast, Labour’s KiwiBuild policy will build 100,000 new affordable homes over ten years and sell them at cost to first home buyers. Using the purchasing power of the Government and off-site building techniques we will be able to lower the cost of building a home.

“This will enable Labour to sell a new two-bedroom terraced KiwiBuild home for around $360,000 in parts of Auckland. That compares to around $485,000 for a similar Hobsonville home.

“This will mean a couple earning $75,000 a year – similar to National’s test couple earning $80,000 a year – with a saved deposit of $20,000 plus KiwiSaver will have mortgage repayments of $777 a week under National’s plan and $577 a week under Labour.

“A $200 a week difference in mortgage repayments is huge. It is the difference between realising the dream of home ownership and facing the prospect of years of renting.

“That’s what Labour’s home ownership policy we are releasing today is all about.

“Labour’s policy will help 50,000 families over five years buy a first home. National’s will only give a slightly higher deposit to 40,000 families.

“Only under Labour can young families turn their dream of home ownership into reality, with National it remains a pipe dream,” said David Cunliffe.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The West’s Role In Arming Khashoggi’s Killers

The cliché about one death being a tragedy and a million deaths only a statistic has been demonstrated in spades by the murder of the Saudi journalist Jamal Khashoggi.

Of all the crimes committed over the past decade by the Saudi regime, it has been this revenge killing ordered by the Saudi Crown Prince Mohammed bin Salman that has finally brought universal condemnation. More>>

ALSO:

.

 
 

MP Reportedly In Mental Health Care: Speaker Of The House Seeks Advice

After unleashing a volley of damaging allegations against his former leader, National's Simon Bridges, and his party, Jami-Lee Ross was reportedly taken into mental health care over the weekend. More>>

Gordon Campbell: On Jami-Lee Ross (And The New Hobbit Law)

Clearly, Jami-Lee Ross is not waging a normal form of political warfare, with agreed rules of combat and rational cost/benefit calculations.

This is politics-as-terrorism where everything is being sacrificed by the man in the bomb vest in order to remove Simon Bridges as the leader of the National Party. More>>

ALSO:

Film Industry Working Group:

Three Killed: DOC Supporting Family, Colleagues After Helicopter Crash

The Department of Conservation (DOC) is rallying around family and colleagues of the staff who died in a helicopter crash this morning in Wanaka... The helicopter, with two DOC staff on board, was on its way to undertake tahr control in the Haast area when it crashed. More>>

ALSO:

Political Donations: Greens Call For Tighter Anonymity Rules And Public Funding

“It is clear that those vested interests have a tangible influence on the decision making of political parties. This is a threat to democracy and should change.” More>>

ALSO:

Education Amendment Bill Passes: Urgency Sought For Partnership School Treaty Claim

The claim takes issue with the acts and omissions of the Crown in respect of the closure of Partnership Schools | Kura Hourua. More>>

ALSO:

Salvation Army Paper: Call For Public Housing Investment

To meet these future demands the report suggests the government needs to look beyond the private rental market and begin to invest heavily into home-ownership programmes and more public and social housing. More>>

ALSO:

Cull: Himalayan Tahr Control Operation Proceeding

“The target of controlling 10,000 Himalayan tahr over the next eight months remains. The revised plan provides for a staged control operation with increased reporting to the Tahr Liaison Group...” More>>

ALSO:

Health: Petitions To Fund Breast Cancer Drugs

Women marching to Parliament today, to present two petitions calling for Government funding of vital medicines, have 100% support from a coalition representing than 30 breast cancer organisations. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels