Leader of the Opposition Andrew Little acknowledges the Auditor-General’s report into the awarding of the management contract for the Scenic Matavai Resort in Niue, which was unable to address the key issues raised.
The fact that more than 300 sections are shamelessly being advertised on Trade Me as land-banking opportunities during a housing crisis shows the need for a crackdown on property speculators, Leader of the Opposition Andrew Little says.
“Of the 328 land-banking opportunities being advertised, one third of them – or 110 – are in Auckland where families are desperate for homes to buy.
Comprehensive new data from CoreLogic has found the number of homes in Auckland valued at under $600,000 has plummeted by 72 per cent since National took office, Leader of the Opposition Andrew Little says.
“This data tracks the changes in the value of Auckland properties each year back to 2009. It shows there are now 233,000 fewer homes under $600,000. Homes in this price bracket made up 78 per cent of the market in 2009, they now make up 21 per cent.
It is time for the Prime Minister to take serious and meaningful steps to address the housing crisis – and start by sacking Nick Smith as Housing Minister, Leader of the Opposition Andrew Little says.
“Clearly whatever it is National is doing is not working. Skyrocketing house prices continue to lock a generation out of the dream of homeownership and soaring rents are forcing families out of their homes and into cars and garages.
The Government’s flagship $1 billion Housing Infrastructure Fund was so rushed it wasn’t considered until after the Budget and announced just a month later, Leader of the Opposition Andrew Little says.
“Documents obtained by Labour through Written Parliamentary Questions show the Fund – which was announced at National’s annual conference in July – bypassed the normal policy making process of going through a Cabinet Committee.
New data released by Quotable Value today shows the cost of the average Auckland house is just $8000 short of a million dollars and has doubled since National took office in 2008, Leader of the Opposition Andrew Little says.
“The average Auckland house now costs $992,207. That’s almost precisely double the $496,081 they were in December 2008.
The Prime Minister’s flippant response to concerns New Zealand is a tax haven continues to damage our international reputation with the European Union now investigating foreign trust laws here, Leader of the Opposition Andrew Little says.
“John Key can insist all he likes that we are not a tax haven but the prominent part New Zealand played in the Panama Papers has left a lasting impression on other countries including the EU.