Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Auckland House Prices Reach New High

Auckland House Prices Reach New High
 
News that the average house sale price in Auckland has topped $700,000, according to Barfoot & Thompson for the month of December 2013 comes as no surprise to Affordable Auckland Leader Stephen Berry. “There has been no change to the conditions which are distorting the housing market; therefore there will be no change in how it behaves. The bubble will continue to expand until increased interest rates in a few years’ time make it pop, again.”
 
Berry says, “The fundamentals which are fuelling to continued increase in house prices are the same ones that that started the new bubble. Regulations instituted by Auckland Council dictating land use and limits on urban expansion are the primary reason for the housing bubble.. Basic economics has not changed since the 2013 elections. When supply is artificially restricted, demand does not reduce and price goes up.”
 
Lending restrictions introduced by the unelected Reserve Bank have clearly had no positive effect on house prices. “They’ve had no effect on speculator participation in the market; rather they’ve simply shut out the vulnerable first home buyer who needs to six figured deposit just to get a mortgage. If anything, the LVR restrictions have worsened the acceleration of price inflation by reducing construction of new homes; another artificial restriction on supply!”
 
Mr. Berry says the solutions to the housing crisis are very simple and can be found in any Year 11 Economics textbook. “Remove the limits on supply! Abolish the urban limit and let property owners decide how their property is developed, not economically illiterate politicians and bureaucrats in the town hall.”
 
Stephen Berry was Affordable Auckland’s candidate for Mayor in the 2013 elections, finishing in third place with 4%. He has already confirmed that he will stand again when Len Brown inevitably resigns.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On War Crimes And The Afghan Insurgency

Truly, with friends like former defence Minster Wayne Mapp, the SAS does not need enemies. At the very least, the Hit and Run book has raised the possibility that the New Zealand SAS committed war crimes in the attack they led in Afghnistan upon the villages of Naik and Khak Khuday Dad...

Mapp’s attempted defence of the SAS on RNZ this morning unintentionally indicated that collective punishment was baked into the planning exercise for the raid, and also into how the raid proceeded on the ground. More>>

 

Biscuit Tin Of Democracy: World Heritage Site Protection, Ombudsman and Equal Pay Bills Drawn

On Thursday, 23 March 2017 three places are available on the Order Paper for the first reading of a Member’s bill. The ballot was held, and resulted in the following bills being drawn... More>>

ALSO:

Emissions Plan: NZ Needs More Science, More Trees, Fewer Beasts

A combination of technology breakthroughs, much more plantation forestry, and a big switch away from pastoral, particularly dairy farming, are identified as the key elements of any approach New Zealand takes to reducing its carbon emissions to a net zero level, according to a new report sponsored by the New Zealand chapter of GLOBE, a multi-party, global parliamentary grouping. More>>

ALSO:

"Backed To Win Seats": Labour Māori Seat MPs Won't Stand On List

The Labour Party is backing a request from its Māori seat MPs to stand as electorate MPs only, says Labour Leader Andrew Little. More>>

Productivity Commission: New Models Of Tertiary Education Are Coming

The report is a broad-ranging inquiry into how well New Zealand’s tertiary education system is set up to respond to emerging trends in technology and the internationalisation of education, and changes in the structure of the population, and the skills needed in the economy and society... More>>

ALSO:

PM's Press Conference: Water Everywhere

Monday's Post-Cabinet press conference focused on water, with the Prime Minister fielding questions about the possibility pricing water taken for export. Mr English said the government was directing their water allocation technical advisory group to include export water in considerations. More>>

ALSO:

Kim Workman: Reality Check Needed For Public Service Reoffending Target

Reducing the prison population results in a reduction in re-offending. Shortening sentences reduces reoffending... More>>

ALSO:

PSA: Minister Should Stop Dodging On Salisbury School

"The decision around the future of Salisbury School has been overdue for months, and the ambiguity is leaving parents, staff and students in limbo. It’s time the Minister stopped hiding, muddying the waters and being dishonest about her Ministry’s intentions," says Erin Polaczuk, PSA national secretary. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news