Scoop has an Ethical Paywall
License needed for work use Register

Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Home Ownership Assistance Needed

21 October 2004

Home Ownership Assistance Needed

A new approach was needed to help finance low-income families into secure, affordable housing, Council of Trade Unions economist Peter Conway said today.

The CTU was welcoming signals from the Government reported today that more may be done to assist New Zealanders into home ownership.

A recent survey showed home ownership rates were down from 72 per cent in 1981 to 68 per cent in 2001. The rate of home ownership for Maori has fallen in that period from 48 per cent to 44 per cent and for Pacific peoples from 39 per cent to 35 per cent.

“Owning your own home has become a distant dream for many New Zealanders and prospective first home buyers are demoralised by rising prices and mortgage interest payments,” Peter Conway said.

In the last year, house prices have increased by around 22 per cent but wages have only increased on average by just over two per cent.

“The high cost of housing is a major cause of poverty and poor health,” he said. “It also means many low-income families are moving house frequently, which affects the educational success of children.”


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

Parliament Headlines | Politics Headlines | Regional Headlines

Scoop Post Election Podcast: The River Of Freedom Documentary Review

After recording a River of Freedom review the Scoop Political Podcast went into hibernation. Now with a new Government formed it’s time to dust off this forgotten silver and look at the potential impact this documentary, about the Wellington parliamentary protest of 2022 had on Election 23. Watched by potentially tens of thousands of voters in the weeks prior to the election this movie was not likely to have won votes for the then Labour government. More

Gordon Campbell: On The Skewed Media Coverage Of Gaza

Now that he’s back as Foreign Minister, maybe Winston Peters should start reading the MFAT website which is currently celebrating the 25th anniversary of how Kiwis alerted the rest of the world to the genocide in Rwanda. How times have changed ...

In 2023, the government is clutching its pearls because senior Labour MP Damien O’Connor has dared suggest that Gaza’s civilian population - already living under apartheid and subjected to sixteen years of an illegal embargo, and now being herded together and slaughtered indiscriminately amid the destruction of their homes, schools, mosques, and hospitals - are also victims of what amounts to genocide. More

ACT: Call To Abolish Human Rights Commission

“The Human Rights Commission’s appointment of a second Chief Executive is just the latest example of a taxpayer-funded bureaucracy serving itself at the expense of delivery for New Zealanders,” says ACT MP Todd Stephenson. More

Public Housing Futures: Christmas Comes Early For Landlords

New CTU analysis of the National & ACT coalition agreement has shown the cost of returning interest deductibility to landlords is an extra $900M on top of National’s original proposal. This is because it is going to be implemented earlier and faster, including retrospective rebates from April 2023. 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.