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


Labour’s red tape pushes rents up at fastest rate since 2008

“Labour’s new bureaucracy on landlords has caused rents to rise at the fastest rate since the Global Financial Crisis”, says ACT Leader David Seymour.

“Stats NZ today singled out Labour's new rental standards as a reason that rents are rising faster than at any time since 2008.

“Skyrocketing rents are seriously hurting Kiwis who have less money in their pockets as a result.

“National ignored the housing crisis and now Labour is in danger of doing the same.

“In 2017, Labour and Phil Twyford promised to cut red tape and free up land supply to bring down the cost of housing. There was hope that Labour’s housing spokesperson understood the underlying problems in the market and was prepared to fix them.

“What we’ve seen instead is the opposite. Labour has actually increased bureaucracy and as a result rents have increased at an even faster rate.

“Labour has imposed new bureaucracy on landlords, attempted to ban overseas property developers, and banned letting fees. The latter have now simply reappeared in other forms.

“Adding new red tape is the opposite of what Labour should be doing.

“On Monday, the annual Demographia International Housing Affordability Survey showed that the housing crisis had spread to provincial New Zealand and that every major housing market in the country was ‘severely unaffordable’. Middle-class professionals are unable to purchase homes where they work, threatening opportunity and productivity.

“Any serious economist will tell you that housing affordability is driven by governments restricting land supply. Land is made scarce by regulation, locking it up and making supply unresponsive to demand. It costs too much and takes too long to build a house. We are one of the least densely populated countries in the world, but government has driven land prices up, with the result that in that housing has become severely unaffordable.

“There has been no serious attempt by Labour to fix these issues. New Zealanders can’t afford to wait another decade for politicians to solve the housing crisis.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Unreal Optimism About The Economic Impact Of Coronavirus

At this week’s Chinese New Year celebrations, PM Jacinda Ardern was resolutely upbeat that business with China would soon bounce back to normal – better than ever, even - once the coronavirus epidemic has been brought under control. To Ardern, the adversity has only accentuated just how close we are to Beijing Nothing wrong with being upbeat, if it can calm the nerves and turn business sentiment into a self-fulfilling prophecy. The problems begin when the optimism detaches itself from reality. What has been very odd so far about the coronavirus episode is that global share markets – normally spooked by mere sneezes or sniffles in the world’s major economies - have continued to be fairly positive, even as the epidemic has unfolded... More>>

First Published on Werewolf here


Gordon Campbell: On The Political Donations Scandals
Even paranoids have real enemies. While there has been something delusionary about the way New Zealand First has been living in denial about its donations scandal, one can sympathise with its indignation about Paula Bennett and Simon Bridges being among its chief accusers. More>>


UN Expert: NZ Housing Crisis Requires Bold Human Rights Response

This is a press statement from UN Special Rapporteur on the right to housing at the end of her 10-day visit to New Zealand. The Government of New Zealand has recognized that the country is facing a housing crisis, said Leilani Farha, UN Special Rapporteur ... More>>


2020 And Beyond: National’s Economic Plan

National Leader Simon Bridges has today outlined National’s economic plan heading into election 2020. “National understands the economy and how it impacts on New Zealanders day to day lives... More>>


Abortion Legislation Committee: Abortion Bill Report Presented To The House

The Abortion Legislation Committee has presented its report on the Abortion Legislation Bill to the House. A copy of the report is available here. The bill seeks to have abortion services provided like other health services... More>>


Auditor-General's Report : Water Management

The Auditor-General’s report Reflecting on our work about water management was presented to the House of Representatives today. Over the last two years we have been looking at how well public organisations are carrying out their water management ... More>>






InfoPages News Channels