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

Greens announce 4 point plan to stop runaway housing crisis

The Green Party is calling for bold, transformational measures to stop the accelerating housing crisis that is locking New Zealanders out of a stab...
Read More

Story

Tax data exposes gross inequity between the wealthiest and poorest New Zealanders

Government data today shows that the wealthiest New Zealanders aren’t paying their fair share of tax, whilst everyone else chips in, Green Party sp...
Read More

Story

Economic windfall should be funnelled straight back into communities: Green Party

Following an economic forecast that shows Aotearoa strongly rebounding from COVID-19, and Crown accounts looking much healthier than expected, the ...
Read More

Story

Green Party to abstain from tax changes that will worsen house crisis in absence of tax on assets

The Green Party will abstain from a bill that will make slight changes to income tax brackets.
Read More

Story

Green Party welcome Adrian Orr’s full and frank advice on tax

We welcome Adrian Orr signalling that he will provide advice to the Finance Minister on fiscal measures, include tax changes, to cool the housing m...
Read More

Story

Green Party respond to Government review of housing settings

It is a positive step that the Government is looking at options to take the heat out of the housing market, and has written to the Reserve Bank to ...
Read More

Latest Housing Announcements

Story

Greens announce 4 point plan to stop runaway housing crisis

The Green Party is calling for bold, transformational measures to stop the accelerating housing crisis that is locking New Zealanders out of a stab...
Read More

Story

A win for Pasifika Communities to have a stable home

The Green Party welcome the Government announcement to support Pasifika peoples to become Community Housing Providers.
Read More

Story

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 aff...
Read More

Story

The Green Party supports long-overdue investigation into landlords breaching tenant privacy

The Green Party welcomes the announcement by the Privacy Commissioner today to look into the ways landlords and property managers seek information ...
Read More

Story

Urgent community builds needed to stop unaffordable rent hikes

Bold solutions are needed as we face the largest monthly rent increase in New Zealand history, Green Party Co-leader Marama Davidson said today.
Read More

Story

Worsening housing crisis must prompt action

A growing public housing waiting list and continued increase of house prices must be urgently addressed by Government, Green Party Co-leader Marama...
Read More

Latest Urban Development Announcements

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

Christchurch's Transport Future

Our Transport Plan for Christchurch    Following the Canterbury earthquakes, the people of Christchurch were asked how they would like to see the ...
FIND OUT MORE

Green cities and towns

Cities and towns can be places where people and nature thrive, with affordable homes, low-emissions transport, clean rivers and beaches, and vibran...
Read More