Making housing available
Last week Finance Minister Bill English announced a comprehensive work programme aimed at addressing the issue of housing affordability in New Zealand.
The Productivity Commission undertook an inquiry into the issue, due in part to the increased difficulty many New Zealanders now face when trying to buy their first home.
The Government will be adopting nearly all of the commission’s recommendations to improve housing affordability. This is part of our commitment to building a more productive and competitive economy, with less spending on household debt.
Rates of home ownership have fallen dramatically over the past two decades, from a peak of 75 per cent in the 1990s to about 65 per cent now.
The key aims we will focus on are increasing land supply, reducing the delays and costs of [building]. It is important to remember that the Government is not a town planner. That is the role of local government.
If you would like to request more information on the issue of housing affordability, need assistance with an issue, or would like to share your views with me, please email Upston.firstname.lastname@example.org or phone Vivian in the electorate office on 07 886 5554.