The government will provide funding for an affordable housing co-ordinator
to assist with improving homeownership rates in the Nelson, Tasman and
Marlborough districts, Housing Minister Chris Carter has announced.
Monday, September 4th 2006, 10:14AM
by The Landlord
The move follows the publication of a new government-funded study from the Centre for Housing Research (CHRANZ), titled Affordable Housing in Nelson, Tasman and Marlborough: Taking Action.
The study has found Nelson, Marlborough and Tasman districts face significant difficulties with declining homeownership and housing affordability.
"In 2001, homeownership rates for one family households in Nelson were down to 44%," Carter said.
"The new CHRANZ study makes it clear those rates are likely to have sunk
lower still following a 70% increase in property prices since 2002. Affordability problems have been further compounded by a sustained period of high rents.
The study argues that housing expenses have risen in the region because local councils and communities have been struggling to balance the need to retain green spaces and agricultural areas, with the need to free up land for new housing.
The movement in housing demand in the region has been far more pronounced than elsewhere, and has outstripped supply.
"Where new housing has been built in the region, zoning has tended to encourage big, expensive homes on large sections, which is not an efficient use of land. This trend is mirrored nationally. House sizes have increased 50% in the past decade," Carter said.
Carter earlier announced the government will widen the scope of its Welcome Home Loan scheme to increase the number of people able to use it to buy homes. New criteria will double the proportion of the national housing market accessible to people without a deposit under the scheme.
Copies of the study can be obtained from the CHRANZ website, www.chranz.co.nz
