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National pumps up house prices with HomeStart bribe

National pumps up house prices with HomeStart bribe

National's latest bribe will only drive up house prices and shows neither major party even wants to fix the housing crisis, says ACT Leader David Seymour.

"It's an admission of National's failure to fix the fundamentals of our housing crisis. Instead of getting homes built, they're trying to soothe home buyers' pain with a bribe.

"Only a few months of flat price growth has scared National into propping up investors' capital gains with taxpayer money. This election bribe won't see a single new house built.

"It's not even a good bribe. The extra funds will go straight to sellers. Home buyers won't be any better off as sellers know they can ramp up their prices by another $10,000.

"How can National look out for the taxpayer when their own hand is deep in the bribe jar? They've been suckered by Labour's strategy of responding to every problem with more taxpayer spending. Centre-right voters who want something to believe in now only have ACT.

"With more MPs, ACT can address the fundamental cause of our housing crisis: decades of under-building caused by overly restrictive planning laws, a failure to fund infrastructure, and bureaucratic building consent rules.

"And we'll scrap the absurd policy of pumping taxpayer money into an overheated housing market."

ENDS

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Election Day Results


2017 General Election - Preliminary Count

National won 46% of the vote with Labour on 35.8%.

NZ First won 7.5%, with the Greens on 5.8%.

ACT held on to Epsom, but failed to get more MPs.

The Maori Party were wiped out of Parliament.

There are still special votes to be counted, but clearly National is in the box seat to form the next Government.

The Greens can not contemplate a deal with National.

So, Winston Peters will have to make a choice and could back National or a combined Labour/Green coalition.

The most likely result is National and NZ First will reach some sort of deal to form the next government.


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