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

 

REINZ disappointed housing supply not addressed in Budget 19

The Real Estate Institute of New Zealand (REINZ) is disappointed that there were no new announcements made in today’s budget that support addressing housing supply when we have a deficit of around 104,000 houses across the country.

While there have been some excellent measures to address homelessness which focus on some of our most vulnerable members of society, such as the announcement of $197 million for Housing First with 1,044 new places and $149 million for transitional housing funding, a crucial element that needs more focus is housing supply.

Bindi Norwell, Chief Executive at REINZ says: “Given the significant levels of criticism the Government has received around KiwiBuild it is surprising that no new initiatives were announced in today’s Budget – especially as home ownership in New Zealand is at its lowest level in 60 years.

“Housing affordability is another area that has seemingly been ignored in today’s Budget. While there is the support for Māori and Pasifica housing, we would have like to have seen some support for initiatives such as KiwiBuy or other innovative methods of enabling people to purchase a home, particularly when so many first home buyers are struggling to get a foot on the property ladder,” points out Norwell.

“Additionally, just a few weeks out from the Healthy Homes legislation coming into effect there is minimal support for landlords to make their homes warmer and drier and improve the wellbeing of New Zealanders.

“Given Minister Twyford’s announcement about the Kāinga Ora-Homes and Communities Bill yesterday, we were surprised no additional funding was announced today to ensure the long-term financial wellbeing of Kāinga Ora-Homes and Communities.

“Finally, we commend the Government’s focus on improving the mental health and wellbeing of our country,” concludes Norwell.



© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Discussion Doc: National's Primary Sector Plans

Today National has released our third discussion document, this one on the primary sector. It showcases our positive and innovative approach to what is the backbone of our economy, Leader of the National Party Simon Bridges says. More>>

ALSO:

Govt Adopts Working Group Plan: Unions Welcome Film Industry Collective Bargaining

The announcement today by the Minister for Workplace Relations and Safety Iain Lees-Galloway, to support collective bargaining for those working in the film and screen industry, is welcomed. More>>

ALSO:

Greenpeace: New Oil Rig Arrives

A drill rig commissioned by oil giant OMV has arrived in New Zealand, a little over a year after the Government issued a ban on new oil and gas exploration permits... More>>

ALSO:

Proactive Non-Release: Housing Minister Says Unpublished Meeting 'Not A Secret'

Housing Minister Phil Twyford says an error from his office meant a meeting with another minister and the Auckland mayor was not included in his publicly released diaries. More>>

ALSO:

'Signalling Urgency': Auckland Council Declares Climate Emergency

“By unanimously voting to declare a climate emergency we are signalling the council’s intention to put climate change at the front and centre of our decision making,” says Mayor Phil Goff. More>>

ALSO:

Potential Disasters: Insurance Taskforce To Deal With Skyrocketing Premiums

Wellington Mayor Justin Lester said the group would look at how the insurance market was functioning amid massive premium increases, which have also led to claims the market is broken. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels