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Agreed. Funny that everyone is focusing on that point, which probably won't have much affect. I expect other policies such as below, will likely have more affec
by xxgreg 9y ago
Agreed. Funny that everyone is focusing on that point, which probably won't have much affect. I expect other policies such as below, will likely have more affect. Encouraging more housing at the lower end of the market seems like a good idea. Rather than pushing low income earners into the exurbs.
"LABOUR WILL PARTNER WITH THE PRIVATE SECTOR TO BUILD 100,000 AFFORDABLE HOMES
KiwiBuild will deliver 100,000 affordable houses over ten years for first home buyers. Half of these will be built in Auckland. That is a ten-fold increase in the number of affordable houses being built in Auckland each year, from 500 to 5,000."
http://www.labour.org.nz/kiwibuild http://www.labour.org.nz/kiwibuild
- elyobo 9y agoThe main price driver is speculation, so I'm not confident that increasing supply in anything except for absolutely massive numbers (which 10k/year is not) would have much price impact.
- xxgreg 9y agoI think speculation is part of the equation, but not the only part. There is also lack of reasonably priced rentals and housing within a reasonable distance from transport infrastructure. Current build out is focused on the high end of the market, or green field sites in the middle of nowhere.