Sunday, December 29, 2013

Housing will be an election issue in this year's elections...

Fairfax NZ
MEASURING UP: The main political parties have differing views on how to bolster the country’s housing stock.

On one hand, the Labour party's solution is simple and clear: a capital gains tax on secondary homes to cool prices, a ban on foreign buyers to keep supply for Kiwis, and the state-funded building of 100,000 houses over 10 years.An election is coming and Housing Minister Nick Smith is well aware that housing policy is going to be one of its key battlegrounds. He calls it a clash between "sound bite versus substance".
On the other, you have the Government pulling various levers to help stimulate the market without embarking on a huge state-house building programme.
Smith says it's a complex issue.
"The political ground of housing next year is going to be between the sound bite and the substantial and I am confident that on the substantive issues - land supply, development contributions, materials, the compliance costs - the Government is going to have a solid story to tell.
"And it's more than just telling a story. I want to do things as Housing Minister that are going to make a material difference to my kids and their generation having access to more affordable homes and I'm unconvinced the proposals being put up by the Opposition would have any real difference."

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