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


Generation Rent sees another hefty price rise

12 October 2015

Generation Rent sees another hefty price rise

Auckland’s median house price has risen more than 25 per cent in the past year making home ownership even more out of reach for Generation Rent, says Labour’s Housing spokesperson Phil Twyford.

“It’s appalling that the price of houses has been rising by $1,000 dollars a day in the past month with the median now reaching $771,000 according to REINZ figures released today .

“These figures confirm earlier QV data that showed Auckland’s average house price had tracked up by nearly 23 per cent. That is the fastest rate of increase since 1994, and casts doubt on some of the commentary that Auckland’s market is cooling.

“It also confirms the hard truth that Generation Rent is being forced out of the market by skyrocketing prices, which will also flow through into higher rents.

“The big question is whether the Government’s half measures such as the bright-line speculators’ test will have any impact in the months to come. Expert submitters have criticised the Bill as ‘a bad idea’, ‘incoherent’ and ‘ineffective’.

“What we really need to do is get cracking on a massive house building programme and stop speculators by banning non-resident foreign buyers from buying existing homes,” Phil Twyford says.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Government: Traffic Light Levels Announced

The levels at which different parts of New Zealand will move forward into the COVID-19 Protection Framework this Friday have been announced. Northland, Auckland, Taupō and Rotorua Lakes Districts, Kawerau, Whakatane, Ōpōtiki Districts, Gisborne District, Wairoa District, Rangitikei, Whanganui and Ruapehu Districts will move in at Red... More>>


Gordon Campbell: On Why An Attack On Iran Is Back On The Agenda

Reportedly, Christopher Luxon has the edge on Simon Bridges in National’s leadership contest although there is no firm evidence for that hunch. So, one hesitates about joining a media echo chamber that amplifies Luxon’s chances ahead of the 3pm caucus meeting today. You know how it goes: Luxon doesn’t quite have the numbers, so his people start talking to the media to make him seem like the smart bet. Or even perhaps: Luxon hasn't got the numbers, and his people start talking to the media to talk up his support so that he gets a nicer consolation prize... More>>


National: Christopher Luxon Elected Party Leader
Christopher Luxon has been elected Leader of the New Zealand National Party, alongside Nicola Willis as Deputy Leader. “It is a tremendous privilege to lead our great party, and I thank my colleagues for the confidence they have placed in me,” Mr Luxon says... More>>

Government: New Law Will Clear The Air For Tamariki In Vehicles
From today, it’s illegal to smoke or vape in most vehicles carrying children aged under 18 years old - whether the vehicle is moving or not. “Second-hand smoke poses an unacceptable risk to our tamariki and rangatahi,” Associate Minister of Health Dr Ayesha Verrall said... More>>

Government: Workplace Vaccination Requirements Extended To Cover Police And NZ Defence Force

Workplace Relations and Safety Minister Michael Wood announced today that workplace vaccination requirements will be extended to include the New Zealand Police and Defence Force in preparation for the transition to the new COVID-19 Protection Framework on 3 December 2021... More>>

Freedom Camping: Making Sure People Are Up To Play With Changes
People interested in finding out how the proposed improvements to freedom camping might affect them are being invited to an information-sharing webinar... More>>

AUT: Aucklanders Are Less Concerned With Covid
In reaction to commentary that Aucklanders are at breaking point after more than 100 days in lockdown and that compliance with the rules is under threat, AUT Emeritus Professor of Sociology Charles Crothers says... More>>

National: Launches First Step To World-class Tech Sector

Leader of the Opposition Judith Collins says technology will create exciting careers and higher paying jobs and has the potential to transform the New Zealand economy... More>>




InfoPages News Channels