New Zealand Labour Party

Memo to Nick Smith: your housing policy isn’t working

New TradeMe figures showing average asking prices for houses have gone up by more than $1000 a week over the past year adds to the pile of evidence proving the Government cannot control the housing crisis, Labour’s Housing spokesperson Phil Twyford says.

“A first home buyer would have to save $1000 a week just to stand still.

“Average asking prices for Auckland houses went up by a phenomenal $90,000 in the past 12 months.

“Memo to Building and Housing Minister Nick Smith: whatever you are doing, it is not working. House prices are going through the roof.

“It is time for the Government to admit that tinkering with the RMA, selling off state houses and failing to build new houses in its Special Housing Areas, are not making any dent in Auckland's housing shortage or reining in skyrocketing
prices,” Phil Twyford says.