Kiwisaver Homestart Grant will drive housing prices higher
Monday, 25 August 2014, 9:08 am Press Release: ACT New Zealand
The Kiwisaver Homestart Grant will drive housing prices even
higher
"National's plan is slightly better than Labour's
but both parties plans do not tackle the real problem, a
shortage of land" said Dr Whyte. "Subsidising demand for
houses in short supply because of the RMA and the Auckland
urban limit will drive housing prices even higher. That is
Economics 101" said Dr Jamie Whyte today.
"More money will
be chasing a largely fixed supply of land, so prices must go
up" said Dr Whyte. "This paper over the cracks policy on
housing affordability from John Key today is something we
would expect from Labour or the Greens" said Dr Whyte. "The
solution to high house prices is freeing up the supply of
land. Land just inside the Auckland urban limit is nine
times the price of that just outside it" said Dr Whyte.
"Only ACT is proposing reforms that will make housing
affordable again. This starts with repealing the RMA and
restoring the freedom to build" said Dr
Whyte.
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