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

Patience: Drive Safe

Be patient before passing is the AA's message for drivers this Labour weekend.

"People taking crazy risks to get past other vehicles is one of the most dangerous things on the road,” says AA spokesperson Dylan Thomsen.

“The weather is looking good for the long weekend so the roads will be busy. Unfortunately, that also increases the chances of people getting frustrated and trying a risky passing manoeuvre. When they get past, there will probably be more traffic up ahead anyway so it won’t get people there faster.” More>>

 
 

Parliament Today:

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Gordon Campbell: On The Tokenism Of New Zealand's Role Against Islamic State

Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn. More>>

ALSO:

Scoop Business: Shell And Todd Caught Drilling Without Approval

Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document released by the Green Party. More>>

ALSO:

Gordon Campbell: On Pharmac, Gough Whitlam And Sleater-Kinney

We’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations… More>>

ALSO:

PM Of Many Hats: Questions, No Answers On Whale Oil

Dr RUSSEL NORMAN (Co-Leader – Green) to the Prime Minister: How many times since November 2008 has he spoken with blogger Cameron Slater on the phone and how many times, if any, has he texted him?
Rt Hon JOHN KEY (Prime Minister): None in my capacity as Prime Minister. More>>

ALSO:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

ALSO:

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news