Auckland house prices still out of control

Out of control house price rises in Auckland and around the country further highlight how the National Government’s tinkering is failing to address the housing crisis, the Green Party said today.

The latest QV House Price Index released today shows that Auckland house prices have continued to rise strongly, with Auckland's average house value now $975,087. The Auckland market has increased 16.1 percent year-on-year and 4.7 percent over the past three months. Values there are now 78 percent higher than the previous peak of 2007.

“It’s unreasonable for John Key to keep saying there is no housing crisis in Auckland when already-unaffordable houses still keep going up in price,” said Green Party Co-leader James Shaw.

“People are having to live in cars and garages, or crowd whole families into a single room just to get by. Many of these people have jobs.

“Workers should be able to afford their own homes. After eight years of National’s tinkering, a first home is more unaffordable than ever.

“National’s half-measures, like its recently announced housing infrastructure fund, don’t guarantee a single new affordable home will be built. They simply divert attention away from the few investors making extreme profits from this property price bubble.

“Eight years of National’s economic leadership has created a huge speculative housing bubble which is hurting New Zealanders and hurting our economy.

“It’s increasingly clear that the only way to fix the Auckland housing crisis is to change the Government.

“The Green Party in government would seek to introduce a comprehensive capital gains tax (excluding the family home) and undertake a major state-sponsored house build,” said Mr Shaw.

Action

Jeanette Fitzsimon's Memorial

Since her passing, we have been so moved by your stories of Jeanette. Inspiring, challenging, humorous, poignant — endless stories of a life so ric...
Take Action

Action

Local Events

We have activists across Aotearoa / New Zealand who are working hard to build a brighter future for our kids and grandkids. This page lists upcomin...
Take Action

Action

It's time to pay our essential workers a dignified wage

Our essential workers are the heroes getting us through the COVID-19 crisis, yet for too long they’ve been...
Take Action

Action

Join our call to stop funding fossil fuels!

We need to remove all public money managed by the Government from climate-changing fossil fuel industries.
Take Action

Action

Support our Climate Action Plan for bigger bolder climate action

We agree with all five of the School Strike for Climate's demands. Read more and sign the petition.
Take Action

Action

Show your support to end housing inequality

Our essential workers are the heroes getting us through the COVID-19 crisis, yet for too long they’ve been undervalued and many barely....
Take Action

Latest Economic Development Announcements

Story

Green Party welcomes first Wellbeing Budget

“The Green Party is proud to welcome New Zealand’s first Wellbeing Budget to deliver change for New Zealanders,” Green Party Co-leader James Shaw s...
Read More

Story

Wellbeing: We need to change how we see our economy

“The Wellbeing Budget is a first step in changing the way we look at the economy and our place in it”, said Green Party Co-leader Marama Davidson. ...
Read More

Story

Green Party welcome further efforts to stop tax evasion

The Green Party welcomes further steps to combat tax evasion, Green Party Co-leader James Shaw said today.
Read More

Story

Commencement Speech - Start of Parliament 2019

Mr Speaker, on Election Night 2017, I said that, “New Zealanders have voted for change!” The three Opposition parties that night commanded a majori...
Read More

Story

Green Party Co-leader James Shaw responds to the Government running surplus

The Green Party has welcomed a better than expected surplus, which should allow us to invest in communities and ensure increased wellbeing for New ...
Read More

Story

A Greener way to measure success

Green Party Co-Leaders Marama Davidson and James Shaw have welcomed today’s announcement by Statistics New Zealand that a broad set of indicators w...
Read More