Are Rodney houses affordable?
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.