Are Rod­ney houses af­ford­able?

Rodney Times - - YOUR LOCAL NEWS - RE­NEE CLAY­TON

Some say the Kiwi quar­ter acre dream no longer ex­ists, and that houses are no longer af­ford­able as prices con­tinue to rise and over­seas in­vestors out­bid Ki­wis.

Last week the Rod­ney Times spoke to Rod­ney elec­toral can­di­dates in a panel dis­cus­sion. Labour’s Marja Lubeck said the Labour Party has their Kiwi Build Plan which ad­dresses the hous­ing crisis.

‘‘We will com­mit to build­ing 100,000 af­ford­able houses over the next 10 years.’’

‘‘Fifty per cent of houses will be in Auck­land and the other 50 per cent will be out­side.’’

Green Party’s He­lensville can­di­date Hay­ley Holt liked this idea.

‘‘We want 10 per cent of those to come un­der our rent to buy scheme.

‘‘The Gov­ern­ment will man­age this so 30 per cent of those peo­ples’ wages will cover costs, and what­ever is left­over will go to the eq­uity of the home. Own­er­ship of the house will even­tu­ally move from the Gov­ern­ment to the peo­ple who are in­volved with the scheme.’’

Holt said the Gov­ern­ment needs to deal with for­eign buy­ers.

‘‘Every­one of them has a lot more money be­hind them so they blow out our mark­ert.’’

Lubeck also agreed with this state­ment and said Labour wants to block for­eign buy­ers out.

Rod­ney MP Na­tional’s Mark Mitchell said a lot peo­ple do not want apart­ments and the Gov­ern­ment has spent a lot on free­ing up land for houses.

‘‘I have five kids who are at the age where they want to get their own place, I am very fo­cused on mak­ing sure that we con­tinue to have poli­cies and con­tinue to de­velop poli­cies that keep in­ter­est rates low and make sure wages keep in­creas­ing.’’

He said we have to be care­ful at the same time as houses are of­ten peo­ple’s big­gest as­sets.

‘‘If you start to strip to much of the cap­i­tal gain then you have a whole new set of prob­lems.’’

Holt said the Green Party is try­ing to crack down on prop­erty spec­u­la­tion.

She said in­vest­ment homes need to be taxed like in­come, ex­cept for fam­ily homes.

New Zealand First can­di­date Tracey Martin said a mort­gage should be worth three times what the per­son earns.

‘‘My father said to me the rule of thumb was three times what you earn is af­ford­able and that is what makes it vari­able, but you can not set a fig­ure on it.

‘‘We need to sup­port our young fam­i­lies get­ting into their first homes.’’

Build­ing and con­struc­tion un­der­way at Mill­wa­ter.

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