web analytics

Landlords: youse are better off renting

Written By: - Date published: 8:43 am, July 23rd, 2008 - 28 comments
Categories: housing - Tags:

The graphic to the left was produced by the Property Investors’ Federation and was printed unquestioned in the Herald yesterday. The PIF uses the figures to claim Kiwis are better off renting. Here’s what’s wrong with them.

First, it’s comparing the average rent to the cost of buying a median house. Rental properties tend to be lower quality, cheaper – so are likely on average to be worth well below the national median. Comparing apples with apples would look at the rent on properties of the same value.

Secondly and most importantly, if you’re buying the house at the end of 25 years, you own a house. If you rent, at the end of 25 years you have nothing. That’s a pretty serious difference. If you buy rather than rent you might pay some more (less than the difference in the graphic though) but you end up with an asset in the end.

So, what is the Property Investors’ Federation‘s interest in trying to convince Kiwis they are better off renting? Well, as the name suggests, the PIF is a political lobby group that represents landlords – ie people who make money off others renting from them, people who obviously think that owning properties, multiple properties, is worthwhile.

Why would a group of landlords want people to think renting is better than buying?

– to decrease demand for buying houses, so PIF members can buy them more cheaply
– to increase demand for rentals, allowing PIF members to put up rents
– to undermine the demand for the Government to intervene in the housing market with a large affordable housing policy. If the Government builds lots of affordable houses, PIF members’ tenants will be able to find cheaper rentals and cheaper houses to buy. That’s good for most Kiwis, bad for the PIF landlords.

Landlord lobby group comes out with flawed figures suggesting renting is cheap just as the Government appears to be developing a housing affordability policy. Funny coincidence that.

28 comments on “Landlords: youse are better off renting”

  1. T-rex 1

    Onya Steve.

    For a moment I thought you writing in support of the position!

    All good points. That aside though, I think until house prices correct (say a couple of years) people probably ARE better off renting.

    But yes, the PIF are being total wankers and hiding many benefits. And some costs.
    For example
    1) they say 90% of a $345k house, yet ignore the cost of capital on the $34k deposit they’re implying.
    2) They ignore the effect of inflation. Rents will increase with inflation, but mortgage payments will remain fixed.
    3) They use 10.4% interest. I don’t imagine anyone in the country is stupid enough to get a floating rate loan right now. 9% would be a far more realistic figure, yet they haven’t used it for obvious reasons.

    See Trav, the world is full of lying bastards who are out to screw people, you don’t have to believe in invisible unicorns to find them.

    edit: I think the biggest reason not to buy a house right now under the circumstances they describe is that if (cough – when) values do drop, you could very easily wind up with negative equity if your deposit is only 10%. Negative equity = foreclosure = bad.

  2. higherstandard 2

    T-Rex

    Agreed.

    Caveat emptor ……. that being said there will always be good deals and bad deals regardless of whether the market is buoyant or depressed.

  3. T-rex 3

    Absolutely – course, it’s a lot harder to approach things with due caution when all media, REINZ, and agents are peddling the “buy now or be forever in poverty” line. f*ckers.

    On an unrelated note, GOD I hate our sensationalist media.

    Headline: ‘Batman Star Denies Attack on Mum, Sister‘.

    The article then mentions that no charges were made.

    The article completely fails to mention that the charges under consideration were verbal assault class 4/5. What a f*cking beat-up!

  4. coge 4

    Thanks for posting this story Steve. I will play the devils advocate to your position. The PIF do have a point, many of their own members are renters themselves. So in some cases their suggestion does make very good economic sense. Landlording is not an entirely risk free business, times like these it requires testicular fortitude that not everyone has.

    I know I have covered the Govt suggestion to build affordable housing for HNZ tenants. A good idea in principle, as many of the existing HNZ buildings are not up to standard. However I stand by my opinion, that building sufficient centrally located affordable huosing is a virtually impossible suggestion. Ask anyone who has built in the last couple of years if you don’t believe me. The emphasis is on the “affordability” If an equal sum was spent renting existing buildings off the private sector the Govt could house perhaps ten times as many tenants. In fact HNZ, to their credit, already lease many such homes for their clients.

  5. BeShakey 5

    All good points. Plus 10.4% interest is fairly high, and all signs are that it’ll be coming down in the future. So assuming 10.4% over 25 years is a nice way of significantly increasing the cost of the house.

  6. higherstandard 6

    Indeed the print media is asinine all to often.

    You seem a bit depressed lately – if you need a smile take a look at this for another spin on world news.

    http://uncyclopedia.org/wiki/UnNews:Main_Page

  7. T-rex 7

    Ha!

    Awesome! Thanks 🙂

    Yeah, I’ll get over it. ‘Interesting times’ at present. Interesting in an awesome way, but still raised stress.

  8. MacDoctor 8

    Secondly and most importantly, if you’re buying the house at the end of 25 years, you own a house. If you rent, at the end of 25 years you have nothing

    Actually, if you put the extra $440.00 into an interest-bearing account, you will have about 1.7 million in 25 years.

  9. T-rex 9

    Actually, if you put the extra $440.00 into an interest-bearing account, you will have about 1.7 million in 25 years

    Aye. It’s still a poor comparison though. Especially since it wouldn’t be $440 for 25 years, as inflation would force the rent up over time. Swings and roundabouts, ups and downs, and in the long run it’s likely not all that different. In the short run, I’m with the “don’t buy a house” option. Sorry people who bought houses, that’s what you get for believing in the perpetual 12% capital gain fairy.

    I think the reason people who buy houses appear to end up more wealthy is that they’re forced to be. Your scenario is good in theory MD, but the reality seems to be that people put the 1.7 million into consumer products that end up worthless.

  10. MacDr. but, as T-Rex points out and I didn’t mention because the numbers get awfully complicated and too many assumptions are needed to model it, rents will be going up over those 5 years, the mortgage payments won’t – so the difference won’t be anything like that amount.

  11. Phil 11

    Good spotting Mac – Steve talks about ‘apples with apples’ and then ignores his own advice.
    I suspect he is right about rental properties being on average of lower quality. However the extent to which they are is debatable – I think the difference, on average, is going to be less that Steve’s implicitily assumed.
    A comparison of rental vs sale property on Trademe would be a good start for anyone with the time and inclination.

    “suggesting renting is cheap just as the Government appears to be developing a housing affordability policy. Funny coincidence that”

    The only funny part to the whole post is that you think this is new. One of the primary underpinning reasons we’ve been talking about housing affordability for the last, oh, lets say 4 YEARS, is because this type of analysis shows just how badly the investment doesn’t stack up.

  12. Phil 12

    “rents will be going up over those 5 years, the mortgage payments won’t”

    But the insurance component of ownership probably will as the value of the property increases. The maintenance will too as the house ages, and rates will continue ever upward.

  13. infused 13

    Rent will be hardly moving in the next 5 years. Also, your first point is wrong. I rent a very nice 3brdm house with double garage 5mins from work. It costs me $220 a week. It’s value is over $350k. GG assumptions.

  14. T-rex 14

    infused – Then your landlord is either a saint or a fool.

  15. Daveski 15

    There is undeniably a house affordability crisis.

    Without doubt, in the short term, renting is a far better option and all obligations and risks fall on the landlord eg think leaky buildings.

    Over the long term, house values tend to rise, mortgage payments remain static and bingo you have equity. As our Rachel says, it won’t happen over night but it will happen.

    I’m sure statistics support the view that people living in their own home tend to have better indicators of a more productive and happier, healthy life.

    However, I would like to see some robust debate around a couple of related points.

    First, the crazy tax laws that make owning a rental property so attractive (thereby increasing demand for entry level properties). I get benefits from owning a second home that I don’t get from owning my family home.

    Linked to this the fact that the Boomers have benefitted from the housing boom and have effectively cut many of the younger generation out. Add to this the generous super and we have upwards intergenerational transfers.

  16. Aaaaaarghhh! He said “youse” again! Steve, please stop murdering the English language!
    [I choose to use youse as a humourous rhetorical tool, not out of ignorance. Go have a cry about it on your blog, someone might read it some day. SP]

  17. uroskin 17

    If you put the difference between renting and paying mortgage into the sharemarket, or even Kiwisaver, you might end up with far more than what your freehold house is worth after 25 years. and then you still need a place to live when you want to realise that capital. And you have to consider all the other costs associated with ownership too which don’t stay constant either. And you still need an extra $1.7m to fill your house up with worthless consumer products!
    This obsession with home ownership can only be remedied by a proper capital gains tax on ownership of homes other than your residence, to level the investment playing field. Interest rates may come down sooner too then.

  18. lprent 18

    The only reason that I bothered to buy a place was because of Telecom and landlords cashing up.

    Had this little problem in the mid-90’s where I had quite a few phone lines including a couple of ISDN lines to get the kind of bandwidth I needed. ADSL was just starting to be talked about (and in a very expensive way). Then I had to move a couple of times mainly because of landlords. Each time cost a bundle to get the phone lines moved.

    There are quite a lot of hidden problems with renting. What I want to see is more of a lease based system where I can get a lease for say 5 years.

  19. ants 19

    The figures are actually too low for a lot of cases- once body corporate fees ($2500), property management fees ($2000+), accountant fees ($1500+) are taken into account.

    However, the flipside is the massive amount of tax that can be rebated.

  20. Draco TB 20

    Actually, if you put the extra $440.00 into an interest-bearing account, you will have about 1.7 million in 25 years.

    Nominal or Real interest rates? What was the interest rate you used? What is the chance that the interest rates will stay the same over the next 25 years?

    Basically, don’t expect to get any richer renting for the next 25 years over buying a house. And, as has already been said, people who own their own house tend to be happier and more productive than those renting.

  21. As long as you invest the difference between buying and renting you will be far more wealthy than if you just paid off a home.
    I mean, how many people had that plan – with the money tied up in real estate and will be retiring on falling house prices?
    It’s a lot easier to cut your losses when you have more liquid investments versus an illiquid family house or rental property at 4% gross yield lol.
    And how paying off a home with an 80% mortgage could possibly be construed as productive when that capital could be going into a business, farm or share investment is beyond me…

  22. Draco TB 22

    writeups:
    Things don’t stay the same. In the next 25 years interest rates will come down, house prices will drop in real terms and then they’ll probably reverse again. It’s probably not a great idea to buy a house ATM but that will change in the next few years. Rent now, buy when house prices are depressed and interest rates are low and in 25 years there’s a good chance that you will be better off than if you just tried to rent for the next 25 years.

  23. RedLogix 23

    First, the crazy tax laws that make owning a rental property so attractive (thereby increasing demand for entry level properties). I get benefits from owning a second home that I don’t get from owning my family home.

    The tax laws treat residential rental property EXACTLY the same as for all other business. If you think the law crazy for this purpose, then it is equally crazy for all other business purposes.

    The Americans addressed this issue years ago by making all mortgage interest costs tax deductable regardless if it was on your home of residence or not.

  24. RedLogix 24

    And how paying off a home with an 80% mortgage could possibly be construed as productive when that capital could be going into a business, farm or share investment is beyond me

    A little thing called risk.

  25. uk_kiwi 25

    The risk is very high in residential property investment, just ask anyone who bought a blue chip apartment!

    Seriously, anyone in their 50s/60s should have most of their savings in term deposits and government bonds. Anything else, you’re running the risk of having nothing to retire on.

  26. RedLogix 26

    The risk is very high in residential property investment, just ask anyone who bought a blue chip apartment!

    Blue Chip was not an investment, it was a scam pyramid scheme… a fact that should have been obvious to anyone who thought about it for more than 2 seconds.

    I agree that a balanced portfolio is sound practice, but even in this market… as soft as it is I made a $200k equity gain this week. Well it took me and my partner six months of careful planning and a lot hard work to do it, but it was still possible. No amount of term deposit or bonds will do that for you.

    It is of course just a paper gain. But if I keep the property long enough (and it is cash flow neutral at present) then I should eventually be in a position to cash it out… but that might be 10-20 years out.

    The fundamentals of the NZ property market are still sound. Demand will in the medium term exceed demand. More especially the demand for quality properties most definitely exceeds supply. Eventually the equity markets will hopefully rebalance themselves and the business cycle will start over again. (If it doesn’t then who cares? It’s Armageddon anyhow.)

  27. nick 27

    The calculation of whether it makes more economic sense to buy or rent involves lots of calculations involving the growth of house prices versus the interest one can earn on money saved through renting. Empirically, however, one would expect renting to make more sense from a purely fiscal perspective.

    The simple fact is that people prefer buying their own house, instead of renting, for at least two non-fiscal reasons that I can think of. One is that people like the security of owning their own home. They have an emotional investment in a particular house. The other is that a mortgage enforces fiscal discipline. It?s easy to talk of saving money in lieu of mortgage payments. But I think that many people are aware that if they weren?t forced to pay the money to the bank it would end up getting spent instead of saved.

    Since people like owning their own home, it increases the demand for houses. It also reduces the pool of renters, resulting in lower market rents. The upshot of this is that buying a house is relatively expensive and renting is relatively cheap. Thus I would be extraordinarily surprised if renting didn?t make more sense, purely in terms of a household?s bottom line.

    The security of owning a home is really a non-tangible asset. The price of this asset is the difference between the money saved by renting a home versus the money that would be spent paying off a mortgage. And I think if people value security, then it is perfectly rational for them to make the decision to purchase their own home.

  28. nick 28

    The calculation of whether it makes more economic sense to buy or rent involves lots of calculations involving the growth of house prices versus the interest one can earn on money saved through renting. Empirically, however, one would expect renting to make more sense from a purely fiscal perspective.

    The simple fact is that people prefer buying their own house, instead of renting, for at least two non-fiscal reasons that I can think of. One is that people like the security of owning their own home. They have an emotional investment in a particular house. The other is that a mortgage enforces fiscal discipline. It’s easy to talk of saving money in lieu of mortgage payments. But I think that many people are aware that if they weren’t forced to pay the money to the bank it would end up getting spent instead of saved.

    Since people like owning their own home, it increases the demand for houses. It also reduces the pool of renters, resulting in lower market rents. The upshot of this is that buying a house is relatively expensive and renting is relatively cheap. Thus I would be extraordinarily surprised if renting didn’t make more sense, purely in terms of a household’s bottom line.

    The security of owning a home is really a non-tangible asset. The price of this asset is the difference between the money saved by renting a home versus the money that would be spent paying off a mortgage. And I think if people value security, then it is perfectly rational for them to make the decision to purchase their own home.

Links to post

Recent Comments

Recent Posts

  • EY: TPP stamp duties on foreigners may have to apply to Kiwis
    The Government’s claim that a TPP-enabled tax on foreign buyers would amount to a ban has been exposed as folly by tax experts, who say that in most cases a tax would apply to Kiwi buyers too, says Labour’s Trade ...
    18 hours ago
  • Project 300 short on facts
    A Minister’s pet scheme to employ 300 disabled people in Christchurch seems to be short on facts, says Labour’s Disability Issues spokesperson Poto Williams.  “Nicky Wagner cannot provide solid evidence to show that her much vaunted Project 300 has actually ...
    18 hours ago
  • Who are they going to call?
    A cry for help from New Zealand’s longest-running crisis line highlights chronic underfunding of the sector by the Government, Labour’s Health spokesperson Annette King says. “Lifeline is THE go-to helpline for people in crisis, taking up to 180,000 calls each ...
    1 day ago
  • Five months too long for homeless to wait
    New figures revealing homeless people registered with Work and Income are waiting an average of 155 days to be housed shows the Government is totally overwhelmed by the housing crisis, Labour’s Social Development spokesperson Carmel Sepuloni says. “What’s worse is ...
    2 days ago
  • Minister in cloud cuckoo land
    Hekia Parata needs a very big reality check if she truly believes every parent has the choice of sending their child to a private school, Labour’s Education spokesperson Chris Hipkins says. Questioned in the House today about plans to pump ...
    2 days ago
  • Convention centre failure means years of uncertainty for CBD
    The failure of Gerry Brownlee’s planned convention centre deal leaves Christchurch facing uncertainty about when activity will be restored to the CBD, says Labour’s Canterbury spokesperson Megan Woods. “As one of the CBD’s major anchor projects, the convention centre complex ...
    2 days ago
  • PCE proves water quality still deteriorating
    The PCE State of the Environment Report shows that river water quality is continuing to get worse across large parts of New Zealand, says Labour’s Environment and Water spokesperson David Parker. “Water quality has deteriorated in Canterbury, Central Otago, Auckland, ...
    2 days ago
  • Families with new babies victims of today’s veto
    Families with new babies are the victims of an historical “first” for the New Zealand Parliament today. “For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because ...
    2 days ago
  • Crime on the rise…again!
    The Police Minister’s contention that Police have enough resources to meet the expectations of New Zealand communities is not reflected in the Police’s own statistics, says Labour’s Police spokesperson Stuart Nash.  “Yet again, reported burglaries have increased in every region ...
    2 days ago
  • Private schools beneficiaries of extra cash
    Plans to give more taxpayer money to private schools at a time when state schools are struggling to make ends meet says everything about the National Government’s twisted priorities, Labour’s Education spokesperson Chris Hipkins says. “Not only did this year’s ...
    3 days ago
  • Inequality getting worse under National
    Inequality is getting worse under National with almost 60 per cent of the wealth in this country concentrated in the hands of the top 10 per cent according to Statistics NZ figures released today, says Labour’s Finance spokesperson Grant Robertson. ...
    3 days ago
  • Government freezes elderly out of insulation subsidy
    Government cuts to the Warm Up New Zealand insulation subsidy means it will now only be available for rental properties and could leave many elderly homeowners cold this winter, Opposition Leader Andrew Little says. “In this year’s Budget the Government ...
    4 days ago
  • Shewan report delivers rebuke to National
    John Shewan’s report into foreign trusts is a rebuke to John Key and the National Party who have protected an industry that has damaged New Zealand’s reputation, says Labour’s Finance spokesperson Grant Robertson. “Three years ago the Inland Revenue Department ...
    4 days ago
  • Auckland Airport rail analysis must be made public
    The Government should publicly release its detailed analysis of rail to Auckland Airport before it closes off options, so the public can have an informed debate, says Labour’s Auckland Issues spokesperson Phil Twyford. The Transport Agency today said it is ...
    4 days ago
  • Minister approved OIO consent despite death and investigations
    Louise Upston must say if she knew Intueri was being prosecuted for the death of a student and under a funding investigation when she approved its overseas investment consent to buy another education provider, says Labour’s Land Information and Associate ...
    5 days ago
  • Brexit vote costs NZ effective EU voice
    Despite being extremely close the result of the referendum in Britain reflects the majority voice, Labour’s Foreign Affairs spokesperson David Shearer says. “While we respect the decision to leave the EU, it goes without saying the move will usher in ...
    6 days ago
  • Pasifika Education Centre doomed
    The Pasifika Education Centre appears doomed to close down this December, says Labour’s Pacific Island Affairs spokesperson Su’a William Sio  “In a written question I asked the Minister whether he would put a bid in for more money. His answer ...
    7 days ago
  • Onetai Station review a shameful whitewash
    A report released today on the Overseas Investment Office’s (OIO) good character test is a whitewash that does nothing to improve New Zealand’s overseas investment regime, says Labour’s Land Information spokesperson David Cunliffe. “The review of the good character test ...
    7 days ago
  • We need a national strategy to end homelessness now
    Long before I entered Parliament, housing and homelessness were issues dear to my heart. I know from personal experience just how hard it is to find an affordable home in Auckland. In my maiden speech, I talked about how when ...
    GreensBy Marama Davidson
    7 days ago
  • Capital feels a chill economic wind
      Wellington is on the cusp of recession with a sharp fall in economic confidence in the latest Westpac McDermott Miller confidence survey, says Labour’s Regional Development spokesperson David Clark.  “Economic confidence amongst Wellingtonians has dropped 12% in the past ...
    1 week ago
  • Dive school rort took six years to dredge up
    News that yet another private training establishment (PTE) has rorted the Government’s tertiary funding system since 2009 shows that Steven Joyce has no control of the sector, says Labour’s Associate Education (Tertiary) spokesperson David Cunliffe. “Like Agribusiness Training and Taratahi, ...
    1 week ago
  • National’s housing crisis hitting renters hard
    National’s ongoing housing crisis is causing massive rental increases, with Auckland renters being hit the hardest, says Labour’s Housing spokesperson Phil Twyford. ...
    1 week ago
  • A Day with the PSA
    This week, along with Labour MP Kris Faafoi, I accepted an invitation to spend a day working alongside the good folk at the Public Service Association in Wellington. As the Workplace Relations and Safety spokesperson for the Greens, I was ...
    GreensBy Denise Roche
    1 week ago
  • A Day with the PSA
    This week, along with Labour MP Kris Faafoi, I accepted an invitation to spend a day working alongside the good folk at the Public Service Association in Wellington. As the Workplace Relations and Safety spokesperson for the Greens, I was ...
    GreensBy Denise Roche
    1 week ago
  • Government holds Northland back
    New information shows Northland remains the most economically depressed region in New Zealand, says Labour’s Regional Development spokesperson David Clark. “The latest Westpac McDermott Miller regional survey found that more Northlanders believe their local economy will deteriorate this year than ...
    1 week ago
  • Rebstock report into MFAT leaks a disgrace
    An Ombudsman’s report on the Paul Rebstock investigation into MFAT leaks shows the two diplomats at the centre of the case were treated disgracefully, says Labour’s State Services spokesperson Kris Faafoi.  “The Ombudsman says one of the diplomats Derek Leask ...
    1 week ago
  • More families forced to turn to food banks for meals
    Increasing numbers of families are having to go to food banks just to put a meal on the table, according to a new report that should shame the Government into action, says Labour’s Social Development spokesperson Carmel Sepuloni. ...
    1 week ago
  • We have a housing emergency in New Zealand
    Auckland, New Zealand, where house prices have risen 20 percent in the last year alone We have a housing emergency in New Zealand.  Like many people we are ashamed and angry that in a wealthy country like ours, we have ...
    GreensBy Eugenie Sage
    1 week ago
  • We have a housing emergency in New Zealand
    Auckland, New Zealand, where house prices have risen 20 percent in the last year alone We have a housing emergency in New Zealand.  Like many people we are ashamed and angry that in a wealthy country like ours, we have ...
    GreensBy Eugenie Sage
    1 week ago
  • Aussie reforms signal trouble ahead for school funding plan
    Plans by the Government to return to bulk funding are likely to see increased class sizes and schools most in need missing out on much-needed resources, Labour’s Acting Education spokesperson Grant Robertson says. “The signaled return to bulk funding is ...
    1 week ago
  • Toxic Sites – the down low on the go slow
    In  2011, I negotiated an agreement with the National Government to advance work on cleaning up contaminated sites across the country. This included establishing a National Register of the ten worst sites where the creators of the problem could not ...
    GreensBy Catherine Delahunty
    1 week ago
  • Aucklanders face new motorway tax of up to $2500 a year
    The Government wants to tax Aucklanders thousands of dollars a year just to use the motorway network, says Labour’s Auckland Issues spokesperson Phil Twyford. “Officials estimate the average city commute is 11.8km. This means for the average Aucklander commuting five ...
    1 week ago
  • 15 corrupt bank managers identified in student fraud
    New information show 15 bank managers in India have been identified by Immigration New Zealand as presenting fraudulent documents on behalf of foreign students studying here, Labour’s Immigration spokesperson Iain Lees-Galloway says. “Documents obtained by Labour under the Official Information ...
    1 week ago
  • National leaves Kiwi savers the most vulnerable in OECD
    News last week that Israel’s Finance Minister will insure savers’ bank deposits means New Zealand will be left as the only country in the OECD that has no deposit insurance to protect savers’ funds should a bank fail. Most Kiwis ...
    GreensBy James Shaw
    1 week ago
  • Comprehensive plan for future of work needed
    A Massey University study showing many New Zealanders are unaware of the increasing role of automation in their workplace, highlights the need for a comprehensive plan for the future of work, says Grant Robertson, Chair of Labour’s Future of Work ...
    1 week ago
  • Another National Government failure: 90 day work trials
    On Friday last week, the Treasury released a report by MOTU economic consultants into the effectiveness of the controversial 90-day work trial legislation. The report found that there was “no evidence that the policy affected the number of hires by ...
    GreensBy Denise Roche
    1 week ago
  • Iraq mission extension case not made
    The Prime Minister has not made the case for extending the Iraq deployment another 18 months nor the expansion of their mission, says Opposition Leader Andrew Little.  “Labour originally opposed the deployment because the Iraqi Army’s track record was poor, ...
    2 weeks ago
  • Denial is a long river
    William Rolleston from Federated Farmers made the absurd claim on RNZ on Saturday that “we actually have very clean rivers”. This statement doesn’t represent the many farmers who know water quality is in big trouble and are working to clean ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Denial is a long river
    William Rolleston from Federated Farmers made the absurd claim on RNZ on Saturday that “we actually have very clean rivers”. This statement doesn’t represent the many farmers who know water quality is in big trouble and are working to clean ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Melanoma deaths could be avoided by an early access scheme
      The tragic death of Dunedin’s Graeme Dore from advanced Melanoma underlines the cruelty of this Government in promising a treatment but delaying for months, says Labour’s Health Spokesperson Annette King.  “Graeme was diagnosed with Melanoma last year. He used ...
    2 weeks ago
  • Assessing the Defence White Paper
    The Government’s recently released Defence White Paper has raised questions again about New Zealand’s defence priorities, and in particular the level and nature of public funding on defensive capabilities. The Green Party has a longstanding belief that priority must be ...
    GreensBy Kennedy Graham
    2 weeks ago
  • Kiwis’ confidence drops again: Economy needs a boost
    Westpac’s consumer confidence survey has fallen for the seventh time in nine quarters, with middle income households ‘increasingly worried about where the economy is heading over the next few years’, says Labour’s Finance spokesperson Grant Robertson. “This survey is a ...
    2 weeks ago
  • Relocation grant simply kicks can down the road
    The response by state house tenants and social agencies to the Government’s rushed plan to shift families out of Auckland tells us what we already knew – this is no answer to the chronic housing shortage, Opposition Leader Andrew Little ...
    2 weeks ago
  • Peace hīkoi to Parihaka
    On Friday a Green crew walked with the peace hīkoi from Ōkato to Parihaka. Some of us were from Parliament and some were party members from Taranaki and further afield. It was a cloudy but gentle day and at one ...
    GreensBy Catherine Delahunty
    2 weeks ago
  • Children’s Commissioner right to worry about CYF transition
    The Government must listen to the Children’s Commissioner’s concerns that young people under CYF care could be ‘negatively impacted’ as the new agency’s reforms become reality, says Labour’s Children’s spokesperson Jacinda Ardern. “Dr Russell Wills has used the second annual ...
    2 weeks ago
  • Bill English exaggerates PPL costs to justify veto
    The Finance Minister has used trumped-up costings to justify a financial veto against parents having 26 weeks paid parental leave, says Labour MP Sue Moroney. “Bill English’s assertion on RNZ yesterday that the measure would cost an extra $280 million ...
    2 weeks ago
  • Government must refund overcharged motorists
    Labour is calling on the Government to refund motor registration fees to three-quarters of a million Kiwi motorists whose vehicles were wrongly classified under National’s shambolic ACC motor vehicle risk rating system, Labour’s ACC spokesperson Sue Moroney says.“Minister Kaye’s ridiculous ...
    2 weeks ago
  • 90-day work trials an unfair failure which must change
    A new Treasury report shows the Government’s 90-day trials haven’t helped businesses and are inherently unfair, Labour’s Workplace Relations spokesperson Iain Lees-Galloway says. “The Motu report found that 90-day trial periods had no impact on overall employment and did not ...
    2 weeks ago
  • Massey East houses a start but Nick Smith should think bigger
    The Massey East 196-home development is a start but the Government must think bigger if it is to end the housing crisis, Labour’s Housing spokesperson Phil Twyford says. “It is great the Government is finally realising it needs to build ...
    2 weeks ago
  • More changes needed to ensure fewer cases like Teina Pora’s
    Teina Pora spent 21 years behind bars for a crime he didn’t commit, shafted by a Police investigation that prioritised an investigator’s hunch over the pursuit of credible evidence. Yesterday’s announcement that the government is to pay him $2.5m in ...
    GreensBy David Clendon
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere