Government action to cool house prices still needed despite Reserve Bank change

The Green Party welcomes the change in the Reserve Bank’s remit to consider the impacts on housing when making financial decisions, but housing affordability shouldn’t be left to the Reserve Bank, Green Party Co-leader and Housing spokesperson Marama Davidson said today.

“It should not be left to the Reserve Bank to solve our housing crisis.

“The remit change is good, but there are other tools in the tool box that Government must use to ensure that house prices and rents don’t continue to climb.

“The Reserve Bank has to make trade-offs with its other objectives, the Government itself can and must do more.

“This includes a rapid upscaling of public and community housing builds, as well as implementing a wealth tax so that New Zealand’s wealthiest can’t amass untaxed wealth that is plunged into property speculation.

“The Green Party will continue to push for a comprehensive approach to housing affordability so that everyone has a stable home to live in”.

ENDS

Latest Housing Announcements

Story

Greens call for a Warrant of Fitness for rental homes

The Green Party is launching a petition today calling on the Government’s Healthy Homes Standards to be backed up with a proper Warrant of Fitness ...
Read More

Story

Wellington’s largest transitional housing facility opens

The biggest Transitional Housing facility outside of Auckland has opened in Wellington, providing safe accommodation and support for the capital’s ...
Read More

Story

Acting boldly to address the housing crisis so we all thrive

Tēnā koe Minister Woods,
Read More

Story

Housing First Pūrākau share experiences of homelessness

Associate Minister of Housing (Homelessness) Marama Davidson has welcomed the release of two pūrākau reports telling the diverse and real life stor...
Read More

Story

Report shows progress on Homelessness Action Plan

The Government has welcomed the release of the second progress report on the Homelessness Action Plan, showing that good progress is being made on ...
Read More

Story

The Green Party is putting reasonable renting rules on the agenda

The Green Party is launching its Reasonable Rents campaign to start a national conversation about the high cost of rents for the more than 1.4 mill...
Read More