Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


National's big plan to reverse its own cuts

David Shearer
Labour Leader

12 August 2013

National's big plan to reverse its own cuts

National's new found enthusiasm for the Welcome Home Loan scheme would be more convincing if it hadn't previously slashed the scheme’s funding by two-thirds, and halved the number of Kiwis who could use it to buy a first home, says Labour Leader David Shearer.

"I want to see young people able to afford to get into their own home - otherwise our children will become a generation of renters. That's why housing affordability is such a priority for Labour.

"After years of inaction, National now wants Kiwis to believe that tweaking the Welcome Home Loan scheme will somehow solve our housing affordability problem. But it gutted the scheme in the first place, slashing funding from $11.6 million in 2009/10 to just $4.3 million this financial year.

“In 2009/10, 1776 Kiwi households used a Welcome Home Loan to buy a house. Last year just 845 were able to use the scheme, thanks to National’s cuts.

“National’s changes to the Welcome Home Loan scheme will help some people, but will also make home ownership harder for many. Low income families will now have to save a deposit of 10 per cent to get a loan.

“Labour is serious about tackling housing affordability. We need to target the drivers of price rises - the shortage of affordable homes and property speculators pushing up prices.

“Labour has a comprehensive package of policies. We will build 100,000 affordable homes over ten years and sell them to first home buyers. And we will clamp down on speculation through a capital gains tax and restrict sales to overseas speculators.

"The time for tinkering around the edges is over. The next Labour government will stand up for first home buyers," says David Shearer.


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Perils Of Joining AUKUS Pillar Two

The lure for New Zealand to join the AUKUS military alliance is that membership of only its “second pillar” will still (supposedly) give us access to state of the art military technologies. As top US official Kurt Campbell said during his visit to Wellington a year ago:
...We've been gratified by how many countries want to join with us to work with cutting-edge technologies like in the cyber arena, hypersonics, you can go down a long list and it's great to hear that New Zealand is interested...


Government: Backs Police To Crackdown On Gangs
The coalition Government is restoring law and order by providing police new tools to crack down on criminal gangs, says Justice Minister Paul Goldsmith and Police Minister Mark Mitchell. “Over the last five years gangs have recruited more than 3000 members, a 51 per cent increase... More

Government: Retiring Chief Of Navy Thanked For His Service

Defence Minister Judith Collins has thanked the Chief of Navy, Rear Admiral David Proctor, for his service as he retires from the Royal New Zealand Navy after 37 years. Rear Admiral Proctor will retire on 16 May to take up an employment opportunity in Australia... More

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More

Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More




InfoPages News Channels


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.