Politicians debate affordability
The party’s associate spokesperson for housing, Asenati Lole-Taylor, is worried that the Government’s policy of cutting red tape to provide cheaper houses will line the pockets of investors.
She says developments that are put up more cheaply because of reduced council costs will be in the sights of investors, who will buy the properties and rent them out.
“These wealthy investors will not only get their hands on the rental income, but will also benefit from big capital gains if they later sell the property. This will actually fuel the property boom and make houses even more unaffordable for many New Zealanders."
Meanwhile, Labour’s housing spokesperson, Annette King, has slammed the Government’s plans for more affordable homes at Hobsonville.
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