Parliament

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

 

KiwiBuild’s popularity plummeting

KiwiBuild’s popularity plummeting

Housing Minister Phil Twyford has admitted his KiwiBuild housing scheme is not nearly as popular as he or the Prime Minister have claimed it is, National’s Housing spokesperson Judith Collins says.

“According to the Ministry of Housing and Urban Development, contracts for 3,375 houses have been signed between KiwiBuild and a developer. But Mr Twyford has been forced to admit there are only 388 pre-qualified KiwiBuild applicants, having gone through the process required to buying a KiwiBuild home.

“The demand for KiwiBuild homes is so low that already a ballot has had to be extended.

“The Government is delivering KiwiBuild homes largely by buying houses ‘off the plans’. The Minister has confirmed the potential risk to the Crown if houses aren’t sold is $4 billion in just the first three years.

“If Mr Twyford can’t sell the houses he has bought off the plans the Government will be forced to pay this money. This will easily blow his $2 billion budget and cause the whole scheme to come crashing down.

“With this kind of taxpayer money on the line, New Zealanders want to know what independent valuations were done before he signed contracts to buy houses? What analysis of market demand was undertaken?

“The Minister has been clutching at straws to keep Labour’s flagship housing policy on life-support. In order to solve Mr Twyford’s problem of demand he has changed the terms of purchasing a KiwiBuild home.

“Instead of paying back the full profit if a buyer sold their home within five years, it’s now three years and only 30 per cent has to be paid back.

“Buyers can also purchase a home, fill it with tenants, keep the rent high and again, only pay 30 per cent of the rental income. There is no way KiwiBuild can monitor whether someone is living in their home or not. They can’t be peering through bedroom windows to check who’s living in the house.

“The whole scheme is complete shambles. Houses are too expensive and too small. The Minister isn’t building enough houses, he isn’t selling enough houses, and those few that are sold, aren’t going to the people that need them.

“KiwiBuild is a failed policy that was never properly thought through.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Crowdsale And Crowdfunding Campaign: Help Create The Future Of Independent News

Two weeks to go! The Scoop 3.0 plan aims to create NZ’s first community-owned, distributed news and media intelligence ecosystem in 2019. We believe this ScoopPro media monetisation approach can be scaled and spread globally to support local and independent news efforts in regional New Zealand and around the world.

Scoop is an ecosystem, it would not exist without those who contribute to it, read it and rely on it for professional media purposes. Generous past support from this ecosystem has enabled us to come this far in developing our business model. Support our PledgeMe Campaign>>

 

14/11: Two Years’ Progress Since The Kaikoura Earthquake

Mayor John Leggett said it was a day for reflection, but also a time to recognise the work by many people to support progress towards recovery made across Marlborough since November 2016. More>>

ALSO:

Pike River: Mine Drift Re-Entry Plan To Proceed

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little. More>>

ALSO:

Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>

ALSO:

Two Years Since Kaikoura: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>

ALSO:

Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>

ALSO:

Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>

ALSO:

Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>

ALSO:

"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels