Housing plan a start, but much more needed to meet the scale of the crisis

The Government’s housing announcement is a very small start but it doesn’t go far enough to genuinely meet the scale of the crisis.

“Everyone has a right to a decent, accessible and affordable home that supports their wellbeing and helps them to be a part of their communities,” says Green Party Finance and Urban Development spokesperson Julie Anne Genter.

“Successive governments have allowed speculation to drive up housing prices, and failed to build enough public housing, or support our community housing sector.

“These announcements are a step in the right direction and signal the Government is beginning to front up to the inequality driven by property speculation, but it needs to go further, faster to meet the scale of the housing crisis.

“We welcome the Government identifying and closing a tax loophole which allows investors to deduct mortgage interest costs from their taxable income. This will go some way to discouraging property speculation.

“The increase in infrastructure investment to support new homes must focus on building environmentally sustainable and accessible homes and communities, rather than increasing car-dependent urban sprawl, so people can live in the places where their work, study, and family are.

“The Kāinga Ora debt limit should be increased by $5 billion to actually support Kāinga Ora to build at least 5000 new homes every year, integrated with frequent public transport and active transport connections.

“There are still more tools in the toolbox that the Government can use to stop the accelerating housing crisis. We urge the Government to remove the cap for the bright line test altogether.

“A 10-year cap extension just kicks the can down the road a few years, while property speculators will hold on to their properties until the day after the bright line test is over.

“We should not accept that it will take decades to turn around this housing crisis. The Government has the ability to address both demand and supply of homes in a way that will deliver fairer, greener communities.

“The housing crisis is getting worse by the day. We need bold, transformational action to ensure a soft landing, rather than a housing crash”.

ENDS

Latest Finance Announcements

Story

Tax the banks

Instead of creating an appeal fund and one-off lotto draw, the Labour Government could tax the billions of dollars banks have made in unearned, exc...
Read More

Story

Urgent action needed to support families

 The tools exist to help families with surging costs – and as costs continue to rise it is more urgent than ever that we use them, the Green Party ...
Read More

Story

BPS constraints risk impacting low income people the most

The Government will constrain itself unnecessarily at Budget 2023 unless it changes the tax system to raise revenue from the wealthiest few which c...
Read More

Story

Case for excess profit tax on banks clearer than ever

The Government should adopt an excess profits tax and use any revenue raised to help people make ends meet, following the rise in the Official Cash...
Read More

Story

Tax excess profits, don’t leave it to the good will of large corporations

The Green Party is once again calling on the Government to introduce an excess profits tax and use the money to support people, rather than relying...
Read More

Story

RBNZ report strengthens case for excess profit tax and more income support

A drop in household income from rising bank interest rates further demonstrates the need for an excess profits tax, the Green Party says.
Read More

Latest Housing Announcements

Story

Greens join call for immediate rent freeze after floods

The Green Party is joining more than 20 community organisations to call for an immediate rent freeze in Tāmaki Makaurau Auckland, after reports of ...
Read More

Story

HRC report shows need for more action on housing

The Green Party will continue pushing for change to ensure people don’t need to access emergency housing in the first place. 
Read More

Story

Healthy Homes for all means a WOF and Landlord Register

The Government’s decision to exclude landlords from property management regulations means more than half of Kiwi rentals will be left out in the co...
Read More

Story

Crown closes the door for Waimana Housing programme

The Green Party is calling out the Government for its role in Te Waimana Kaaku whānau losing their deposits and the homes they were promised.
Read More

Story

Greens back HRC call for immediate rent freeze

The Green Party backs the Human Rights Commission’s call for an immediate rent freeze followed by reform of the rental system to guarantee that eve...
Read More

Story

Budget 2022: Greens celebrate landmark investment in climate action

Landmark week for climate action concludes with climate budget Largest ever investment in climate action one of many Green Party wins throughout B...
Read More

Latest Urban Development Announcements

Story

Housing legislation needs further changes

The Green Party welcomes changes Parliament’s Environment Select Committee has recommended to Labour and National’s housing legislation but says fu...
Read More

This is our chance to build a better Wellington

We have a real chance to build resilient, more vibrant communities.   Right now there are pivotal decisions being made about the future of Wellingt...
TAKE ACTION

Story

Govt must build on foundation of planning rule changes to solve housing crisis

Families looking for their first home will welcome a bipartisan commitment to increase housing supply, but will be asking what more can be done.
Read More

Story

Greens urge Wellington Council to support a Spatial Plan that best addresses the climate and housing crises

The Green Party is urging Wellington City Council to pass an ambitious Spatial Plan that sets Wellington up for action on the housing crisis, allow...
Read More

Auckland’s Transport Future

As our biggest city, with well-known transport issues, it’s crucial we act now and ensure people living in Auckland can get where they need to; no ...
FIND OUT MORE

Wellington's Transport Future

Congestion Free Wellington   Our Future of Transport Plan includes a comprehensive plan to really get Wellington moving, while reducing our depend...
FIND OUT MORE