Houses are seriously unaffordable, especially for first-time buyers. Labour’s policy settings will help first-time buyers, the Reserve Bank under the current government is proposing tougher requirements that will make matters worse for them. Parties of the Left need to take this issue and run hard!
KiwiBuild has already been a success, scaring the Nats in to producing, in conjunction with Len Brown’s Auckland, a more significant housing policy. The “Unitary Plan” is woefully short on detail, but it concedes that KiwiBuild’s target of 10,000 new homes a year is easily achievable (I guess it’s only impossible when Labour propose it).
While Labour flounders around talking about 4 bedroom houses for $485,000 (who wants a four bedroom house, anyway), Metiria Turei cut to the quick in a question to Key: “has he never visited his own electorate and taken a look at homes such as those on Hobsonville Road, Cyril Crescent, and Mona Vale that are stand-alone family homes costing around $300,000?”
With a 10% increase in the median house price last year, we’re firmly back on a damaging house price binge. Labour has policies that address the issue. Where is National?
KiwiBuild has the Nats rattled. It’s difficult to oppose a program that creates both affordable housing and jobs, but they’re doing their best. One of their lines is that NZ can’t build houses that quickly. They’re wrong – here’s why.
The Auckland property market is back through the roof again, as well covered in The Herald this weekend. Labour’s solution is to build more houses. National’s “solution” is to complain about Labour’s solution.
Media reaction to KiwiBuild has been largely positive, the policy is described as “bold”, “brave”, and (just as important!) – “do able”. I’m sticking with my first reaction, this is a historic policy.
KiwiBuild is an excellent policy that would make a real difference to housing, jobs, and the economy in NZ. John Key’s critique had all the credibility you’d expect from the man whose major economic policy was a cycleway.