Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More
Parliament

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

 

Record level of investors as first homebuyers squeezed out


Record level of investors as first homebuyers squeezed out of Auckland

Latest CoreLogic data shows investors accounted for a record 44% of Auckland house sales in the first quarter of 2017 while first homebuyers’ market share fell to just 19%, says Labour’s Housing spokesperson Phil Twyford.

“National’s speculators’ paradise is killing the Kiwi dream of owning your own place. Nearly half of all house sales in Auckland are to investors, while less than 1 in 5 are to first homebuyers.

“While National has been in Government, speculators have increased their market share from under 35% to 44%; first homebuyers have gone down from over 25% to 19%.

“The CoreLogic report shows that investor activity is on the rise, building consents are declining, and the country needs to be building a thousand extra houses a month just to keep up with the burgeoning population.

“Nick Smith’s endless tinkering and policy bungles haven’t made a blind bit of difference. National lacks the ideas and the will to fix the housing crisis

“Labour will crack down on speculators by banning people who are neither citizens or resident in New Zealand from buying existing houses, and fixing tax loopholes that advantage investors over homebuyers. Our comprehensive housing plan also includes building 100,000 affordable houses for first homebuyers, and thousands more state houses for families in need,” says Phil Twyford.


See: CoreLogic monthly report

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines



Gordon Campbell: On Dune 2, And Images Of Islam


Depictions of Islam in Western popular culture have rarely been positive, even before 9/11. Five years on from the mosque shootings, this is one of the cultural headwinds that the Muslim community has to battle against. Whatever messages of tolerance and inclusion are offered in daylight, much of our culture tends to be hostile to Islam when we’re sitting in the dark, with popcorn.
Any number of movie examples come to mind, beginning with Rudolf Valentino’s role (over a century ago) as the romantic Arab hero in The Sheik...
More


 
 


Government: One-stop Shop Major Projects On The Fast Track

The Coalition Government’s new one-stop-shop fast track consenting regime for regional and national projects of significance will cut red tape and make it easier for New Zealand to build the infrastructure and major projects needed to get the country moving again... More

ALSO:


Government: GPS 2024: Over $20 Billion To Get Transport Back On Track
Transport Minister Simeon Brown has released the draft Government Policy Statement (GPS) on Land Transport, outlining the Coalition Government’s plan to build and maintain a transport system that enables people to get to where they need to go quickly and safely... More

ALSO:

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.