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


KiwiBuild capital gains for a lucky few

KiwiBuild is now a full-blown middle-class welfare scheme with the Government allowing lottery winners to flip taxpayer-subsidised homes and keep most of the capital gain", says ACT Leader David Seymour.

Newshub tonight revealed that Labour has performed a remarkable volte-face on its election promise of requiring anyone selling a KiwiBuild home within five years to repay the entire capital gain.

KiwiBuild lottery winners will now only need to repay 30 per cent of the capital gain if they sell the home within three years.

"If middle- or upper-income earners are lucky enough to win a KiwiBuild home, they stand to keep tens of thousands in capital gains.

"Meanwhile, more than 600,000 Kiwi households rent. Most are locked out of the housing market and will never own a KiwiBuild home.

"Not only is this a poor housing policy, it should offend our basic sense of fairness.

"Instead of allowing a few lucky people a chance to cash in on big capital gains, Phil Twyford should be cutting red tape to allow more houses to be built, giving every Kiwi a shot at owning their own home."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

KiwiBailed: KiwiBuild Head Officially Resigns

The head of Kiwibuild, Stephen Barclay has officially resigned from the role. In a statement issued on his behalf, it was announced that he would step down from today [Friday].

Housing Minister Phil Twyford's office said he would not be commenting on Mr Barclay's resignation as it was an employment matter. Last month, Mr Twyford confirmed that Mr Barclay had not been at work for a number of weeks. More>>


Welfare Stats: Rise In Hardship Numbers Shows Income Inadequacy

The latest Ministry of Social Development quarterly report show that a record number of people have received hardship assistance from work and income, with an additional 40,000 hardship payments made between September and December 2018, compared to the previous quarter of the same year... More>>


DHBs "Prepared": Junior Doctors Strike Again

The needs of acute patients will be met during tomorrow's junior doctor strike, a DHB spokesperson says... Almost 3000 junior doctors are expected to walk off the job, which will affect all DHBs apart from West Coast District Health Board. More>>


Gordon Campbell: On MBIE’s Social Media Scam

Given the ambit of MBIE’s work, almost any form of social activity could qualify as being part of MBIE’s brief, so the privacy threats posed by this training programme are extensive. The current oversight safeguards seem threadbare to non-existent. More>>


JusTrade: New Campaign For A 21th Century Trade Agenda

‘Critique is no longer enough. If anything is to really change, we need to step away from the existing framework and take a first-principles approach to rethinking what will work for the 21st century.’ More>>


Gordon Campbell: Thompson + Clark Are The Tip Of The Iceberg

How can we tell where and how any lines are being drawn? Oversight is not exactly robust. If it were, Thompson + Clark would have been out of contention for state security work ten years ago. More>>

Trainers: Taratahi Institute of Agriculture In Interim Liquidation

Taratahi employ 250 staff and this year has provided education to over 2500 students. Taratahi owns and manages 8 farms throughout the country. More>>


IPCA Report: Complaints About Deputy Commissioner Wallace Haumaha

The Authority has found that DC Haumaha acted improperly by approaching staff and others to provide information to support him to refute the allegations about his 2016 conduct, or solicited other staff to do so on his behalf... More>>





InfoPages News Channels