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

 

Q+A debate On NZ’s ‘housing crisis’

Q+A debate between National’s Dr Nick Smith and Labour’s Phil Twyford

Key quotes

On NZ’s ‘housing crisis’:

No housing crisis – Dr Nick Smith

‘..it is significantly better than what it was in 2008, and that’s because this government's actually had interest rates that were 11%, a lot better, and actually house prices have gone up far less, about 25% under this government as compared with 97% under the previous government.’

‘Well whether this government wants to admit it or not, we do have a housing crisis’ – Labour’s Phil Twyford

‘It now takes 50 years to pay off the average mortgage in Auckland. So my son's generation hasn’t got a dog's show of owning their own home in Auckland. Meanwhile in the rest of New Zealand large parts of the country are seeing house values fall.’

On a capital gains tax:

Labour’s capital gains tax will take heat out of the housing market – Phil Twyford

‘Well Westpac said in the last few weeks that Labour's capital gains tax will reduce the value of a rental property for an investor compared to other potential investments by 23%, tells us that it will make a significant difference in taking the heat out of the market and reducing the house price inflation that is such a problem in Auckland today.’

National is opposed to a capital gains tax - Nick Smith

‘..it's going to whack small business, it's going to whack farms, it's going to destroy jobs, and part of National's strong economic story is growing it. You don’t grow it with new taxes. The second thing is this. If you look at the Cullen tax review, the English tax review, and the Productivity Commission Report, they all said don’t do a capital gains tax it will make no difference in this area. And the last point I'd make is this. Australia has one. Sydney house prices have gone up by more than Auckland's in the last year. If you're going to exempt the family home a capital gains tax will have zip impact on the price that the young family pays for their home.’

On progress in Christchurch:

We’ve been going great guns in Christchurch – Nick Smith

‘We have been going great guns on an incredibly challenging situation down there, and nobody can click their magic fingers, whether it be in terms of the temporary houses we've built, the housing accord that we've got, the intervention that we've made in the Christchurch City Council – criticised by Labour to sort out the building consent department, at that Council that was a major barrier. We are going great guns in Christchurch and on track of fix it.’

They’re not going great guns – Phil Twyford

‘Four years after the quakes and they’ve only built in Christchurch a couple of thousand houses. CERA says that they need 25,000 in the next 10 years. It has been painfully slow. It is unforgivable that Cantabrians are in their 4th winter and there are people paying 400 bucks a week to live in a caravan or a sleepout. Rents are up under Nick Smith's watch by 45% in Canterbury because of the shortage, after three and a half years. It is unconscionable. It is holding up the recovery in Canterbury.’

Q+A, 9-10am Sundays on TV ONE and one hour later on TV ONE plus 1. Repeated Sunday evening at 11:35pm. Streamed live at www.tvnz.co.nz

Thanks to the support from NZ On Air.

Q+A is on Facebook, http://www.facebook.com/NZQandA#!/NZQandA and on Twitter, http://twitter.com/#!/NZQandA


ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Budget

It may seem like Oliver to be so bold as to ask the Finance Minister for more gruel – but what the Dickens, Steven Joyce… is this Budget really as good as it gets?

Supposedly, the public was going to receive significant rewards – an election year lolly scramble no less – for the eight years of belt tightening that they’ve endured, and for the rundown of essential public services.

Well, what Budget 2017 delivered instead in Education and in Health were allocations barely sufficient to maintain the current levels of service delivery More>>

Scoop Full Coverage: of Budget Announcements & Reaction
Latest: Scoop Search

 
 

Auditor-General Stands Down For Investigation: Gordon Campbell On (Not) Taking Responsibility

So Martin Matthews, our current Auditor-General wishes he could have detected “earlier” the fraud that occurred on his watch at the Ministry of Transport. Hmmm. But he could have detected it earlier, surely? That’s the point. More>>

ALSO:

NGOs Pleased: Govt To Halt Collection Of Client Data

Brenda Pilott, the chair of ComVoices and national manager of Social Service Providers Aotearoa, congratulates the government on its decision to call a halt to the collection of individual client data until the concerns of not-for-profit service providers have been worked through. More>>

ALSO:

Gosh: Blasphemy Law Repeal Struck Down

Chris Hipkins, the MP who tabled a Supplementary Order Paper to add our Blasphemy Law to the Statutes Repeal Bill, said this was a "sad day for freedom of speech, tolerance, and leadership". More>>

ALSO:

Gordon Campbell: On The Navy’s Dealings With Fat Leonard, And Twin Peaks

At an official level, our “she’ll be right” attitude routinely spills over into a keen resentment of anyone who suggests the outcomes may be less than satisfactory… The Navy has now gone one step beyond. It won’t even ask itself whether it did a good job. More>>

ALSO:

NZDF: Fifth Rotation Of Troops Heads To Iraq

The fifth rotation of New Zealand Defence Force troops left today for a six-month mission training Iraqi soldiers. More>>

ALSO:

Gordon Campbell: On The Demonising Of Iran

Will New Zealand still be willing to pursue its recent trade overtures to Iran, now that US President Donald Trump has used his speech in Riyadh to single out Iran as the main source of terrorism and instability in the Middle East? More>>

ALSO:

 
 
 
 

Opening The Election Supporters

 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election