Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Reserve Bank Slams Young Families

Reserve Bank Slams Young Families

Affordable Auckland Mayoral candidate Stephen Berry expressed his opposition to new rules by the Reserve Bank which would restrict the ability of banks to make house loans to persons with small deposits. “This move will do nothing to cool the over-heated Auckland property market but plenty to shut out first time home buyers. The Reserve Bank has launched an attack on young families and the poor.”

“Our home price inflation issues are the result of market distortions created by local and central government regulation; especially the Resource Management Act and the Auckland Council rural boundary. The solution to this regulatory by-product is not for the Reserve Act to pass further regulations.”

“It is really disturbing to me that the Reserve Bank should have the power to implement a new regulation that will have such an impact on new entrants to the housing market, yet still be an unelected body and completely unaccountable to voters.”

Stephen Berry says voters still have a fantastic opportunity to affect real change to house values simply by casting their vote in the upcoming elections. “Affordable Auckland is fielding a team of candidates that understand the house price inflation crisis and have a real plan to fix it. Our solution involves less regulation, lower compliance costs and zoning flexibility – not the central planning being advocated by candidates for other tickets from both sides of the political spectrum.”


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Whether We Should Be Betting Quite So Heavily On Astra Zeneca’s Covid Vaccine

According to this week’s Speech from the Throne, maintaining public safety during the pandemic will remain the government’s top priority. Next year will (hopefully) bring the rolling out of a free vaccination against Covid-19 to New Zealander. Currently, there are three possible vaccine contenders but the effectiveness of the vaccine will be only one of the factors determining which vaccine will pre-dominate. On the basis of the cost per dose, and the ease of manufacture, storage and distribution, the Astra Zeneca/Oxford University vaccine will almost certainly be the prime choice for New Zealand, at least initially... More>>


New Zealand Government: Speech From The Throne

It is my privilege to exercise the prerogative of Her Majesty the Queen and open the 53rd Parliament.
In the October election, New Zealanders elected a majority Government for the first time under our Mixed Member Proportional electoral system... More>>

Grant Robertson: Government To Review Housing Settings

New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today. “Our focus More>>


Law Commission: Recommends New DNA Laws For Criminal Investigations

Te Aka Matua o te Ture | Law Commission today released a report that recommends a new, comprehensive regime to control how DNA is obtained, used and retained for criminal investigations. The report has revealed significant gaps in the operation ... More>>


New Zealand Government: To Declare A Climate Emergency

The Government will declare a climate emergency next week, Climate Change Minister James Shaw said today. “We are in the midst of a climate crisis that will impact on nearly every aspect of our lives and the type of planet our children will inherit ... More>>


Economy: Crown Accounts Reflect Govt’s Careful Economic Management

The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance ... More>>


Green Party: Announce Portfolio Reshuffle With Talented And Energised Caucus Team

“The Green Party caucus offers a breadth of talent and energy to the Parliament this term. In ten MPs you have a small business owner, a human rights lawyer, an academic, a climate negotiator, a transport planner, and so much more”, Green Party ... More>>





InfoPages News Channels