tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, July 14th, 7:47AM

News

rss
Latest Headlines

Under review: NZ housing

Three housing experts have been commissioned to carry out an independent review of the state of housing in New Zealand.

Monday, November 27th 2017, 8:00AM 1 Comment

by Miriam Bell

Economist Shamubeel Eaqub, Otago University Professor of Public Health Philippa Howden-Chapman, and Salvation Army senior policy analyst Alan Johnson have been tasked with producing a report by Christmas.

Housing and Urban Development Minister Phil Twyford says that the previous government refused to accept the housing crisis and establish the scale of the problem.

He says it has only just emerged that MBIE’s official figures show a nationwide shortfall of 71,000 houses and that projections show house building would fall if not for KiwiBuild.

The new report will provide an authoritative picture of the state of housing in New Zealand today, drawing on the best data available, he says.

“It will put firm figures on homelessness, the state of the rental market, the decline of homeownership, and other factors in the housing crisis.

“The Labour-led government is already pushing ahead with initiatives to make housing more affordable and healthy, including banning overseas speculators, passing the Healthy Homes Guarantee Bill, cancelling the state house selloff, and setting up KiwiBuild.”

However, some say the report is a waste of time.

National’s Housing spokesperson Michael Woodhouse says the report is nothing but “smoke and mirrors”.

Government officials have already developed a comprehensive plan on housing issues ranging from increasing supply to growing the social housing sector, he says.

“The housing market is flat to falling and we are in the middle of a record residential building boom. The solutions were implemented by the previous government based on official advice and they are working.”

The new government should leave the building industry and social housing sector alone to on with the job, he says.

But Labour, NZ First, and the Green Party have all committed to tackling New Zealand’s housing market issues head-on.

To this end, Twyford has already committed to getting the Healthy Homes Guarantee Bill passed by Christmas.

Additionally, Finance Minister Grant Robinson has confirmed negative gearing will be abolished and the bright line test will be extended to five years.

Read more:

Healthy Homes Guarantee Bill to be fast-tracked 

New investors and property speculators likely to suffer under new rules 

« Free Investment Property Showcase Events: Auckland, Wellington and ChristchurchCapital leaky home case clears last hurdle »

Special Offers

Comments from our readers

On 28 November 2017 at 7:40 am jpaynter said:
"Economist Shamubeel Eaqub, Otago University Professor of Public Health Philippa Howden-Chapman, and Salvation Army senior policy analyst Alan Johnson".
These people are not housing experts. They hardly represent a balanced opinion. All are very much in the anti-housing lobby (at least as an investment vehicle). Shamubeel at least has credentials as an economist but shows a surprising naivety on housing, having first decried from the need to buy one for his family before reversing his stance. Philppa appears to be a flake, and set on making her reputation attacking landlords for poor quality buildings, not realizing that it is usually the tenants that make them that way. Having discussed housing with Alan Johnson, he is a nice guy, but again has a one-sided view on the relationship between tenants and landlords.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • [The Wrap] Dealer group land like a game of Risk
    “Excellent. I've said for a long time that Dealer Groups were a necessary evil. Especially to the new entrant into the...”
    21 hours ago by BayBroker
  • Harking back to the old days
    “Tactical move by CIGNA and looks like they have a lot of bench strength now in sales, underwriting and product / pricing...”
    4 days ago by hitting rock
  • Greens want ACC extended to cover sickness
    “Never happen. The Greens are such an aspirational bunch. Must all the weed. They 'want' all sorts of unlikely things...”
    4 days ago by All hat no cattle
  • Harking back to the old days
    “Really positive news. NZ has been blessed by many successful leaders and it is good that their skills can skill be utilised...”
    4 days ago by Francis L
  • Harking back to the old days
    “I dare say Cigna just got that extra grunt it's been looking for....”
    4 days ago by Matron
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 3.19 3.19 3.49
AIA Special - 2.69 2.69 2.99
ANZ 4.44 3.15 3.25 ▼3.39
ANZ Special - ▼2.55 ▼2.69 ▼2.79
ASB Bank 4.45 3.19 3.19 3.49
ASB Bank Special - 2.69 2.69 2.99
Bluestone ▼3.49 ▼3.49 ▼3.49 ▼3.49
BNZ - Classic - ▼2.55 2.69 2.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.25 3.29 3.59
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union South 5.65 4.75 4.75 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.60 2.65 2.80
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 3.99 2.58 2.68 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.40 3.54 4.00
Kiwibank - Capped - - - -
Kiwibank - Offset - - - -
Kiwibank Special 3.40 2.65 2.79 3.25
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Lender Flt 1yr 2yr 3yr
Resimac 3.49 3.45 3.39 3.69
SBS Bank 4.54 3.29 3.19 3.49
SBS Bank Special - 2.79 2.69 2.99
The Co-operative Bank - Owner Occ 4.40 ▼2.69 ▼2.75 ▼2.99
The Co-operative Bank - Standard 4.40 ▼3.19 ▼3.25 ▼3.49
TSB Bank 5.34 ▼3.35 3.49 3.79
TSB Special 4.54 ▼2.55 2.69 2.99
Wairarapa Building Society 4.99 3.75 3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - ▼2.55 2.69 2.79
Median 4.55 3.19 3.22 3.39

Last updated: 13 July 2020 7:38am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com