Fewer than one in five adults under 40 in Mt Roskill own their own home according to new research, says Opposition Leader Andrew Little.
“Young people simply cannot afford to buy in Mt Roskill. As in much of New Zealand, prices are rising too fast while incomes are stagnant. The typical Mt Roskill house now costs $892,000, up $273,000 in the past two years.
“The median house price in Mt Roskill has been rising at $2,300 a week since June 2014. The median wage is up just $80 in the same time. Under National, the Kiwi dream of owning your own home is slipping away.
“Not a single affordable home has been built in Special Housing Areas in Mt Roskill, according to Auckland Council.
“I welcome Auckland Mayor Phil Goff’s call for central government to take the lead in fixing the housing crisis. Labour will build 100,000 affordable houses for first homebuyers to purchase and shut speculators out of the market.
“Labour’s comprehensive housing plan will stabilise house prices and give young people a fair shot at the Kiwi dream,” says Andrew Little.