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


Nats’ housing policy targets 10% of Kiwis

Nats’ housing policy targets 10% of Kiwis

National’s latest tinkering with housing policy will not make any difference to 90 per cent of people looking for a home, and won’t make houses more affordable, says Labour Leader David Shearer.

“Housing affordability is a serious problem that demands serious solutions. I want to see first home buyers able to afford their own house.

“National’s changes to loan thresholds for first home buyers through KiwiSaver only help households earning between $100,000 and $120,000 a year. That’s just 10 per cent of Kiwis.

“In contrast, the 70 per cent of families earning less than $100,000 are about to be hit with mortgage loan limits that could shut them out of the market thanks to the government’s deal with the Reserve Bank.

“The only way to make a real difference to first home buyers is to increase the supply of affordable homes, and reduce demand from property speculators.

“That’s what Labour will do. We will build 100,000 affordable homes over ten years, and clamp down on speculation through a capital gains tax and restrictions on sales to overseas speculators.

“No-one seriously believes National’s tweaking will make houses more affordable.

“John Key is playing catch-up on housing and he has a long way to go. He has overseen sharply increasing house prices, a decline in building consents and National’s flip-flops on funding for Welcome Home Loans.

“Labour has a comprehensive package of policies to help Kiwis get into their first home. I won’t sit by as the dream of home ownership slips ever further out of reach,” says David Shearer.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Covid-19: Auckland Back To Alert Level Three After One New Community Case Revealed

Auckland will move to alert level three for a week at 6am tomorrow morning after two new Covid-19 community cases announced this evening could not be directly linked to earlier cases, the Prime Minister has confirmed.
The rest of the country will move to level two.... More>>

Gordon Campbell: On The Rivals For The Covid Saliva Testing Dollar

If you want a good insight into what the limits of tiny, barely discernible steps to reduce poverty actually look like, delve into the latest Statistics Department figures on poverty in New Zealand Most of the nine measures utilised reveal little or no progress in combatting poverty over the 21 months to March 2020... More>>


Government: Main Benefits To Increase In Line With Wages

All measures of child poverty were trending downwards, prior to the COVID-19 lockdown, across the two years since year ended June 2018, Stats NZ said today. The COVID-19 lockdown in late March 2020 affected Stats NZ’s ability to collect data from households ... More>>

Government: Reserve Bank To Take Account Of Housing In Decision Making

The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Grant Robertson announced today. Changes have been made to the Bank’s Monetary Policy Committee’s remit requiring it to take into ... More>>


RNZ: Alert Levels Remain

There are no new community cases of Covid-19 today, the Ministry of Health has confirmed.
Covid-19 Response Minister Chris Hipkins says at least half of the Papatoetoe High School community have been tested and the results that have come through so far have all been negative... More>>


NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>

The Dig: An Illogical Ideological Struggle

Dig beneath all the trade wars and the arguments to the effect that the USA should not permit China to achieve economic and technological superiority, or even parity, and you find the real reason behind the conflict... More>>

Travel: Government Eases Visa Restrictions For Visitors In New Zealand

Visitor visa holders will be able to stay in New Zealand a little longer as the Government eases restrictions for those still here, the Minister of Immigration has announced. More>>




InfoPages News Channels