New Zealand housing must be uncoupled, from the investment market needed by creative industry, to become a consumer durable: steady transition, through new government and policy reducing cost, over time.

A combination of approaches are required to freeze and stabilise home values, at their current level, without bursting the housing bubble – which inevitably would happen of its own accord. We must address the top, bottom and middle the of the housing inflation spectrum, at the same time.

The pair of policies I recommend would be capital gains tax upon the over-investors and flooding the affordable housing market from below, through smart mass production and land access technique.

And in case you haven’t noticed, the 2014 general elections have shaped up as Auckland and Christchurch policy needs versus the capital’s, on many points, and the latter cannot win this year.

N.B. These are the personal policy perspectives from an internet.org.nz hopeful, and not official policy.

Vikram Kumar – Change and the Internet

Other party housing policies so far:

http://alliance.org.nz/what-we-stand-for/alliance-policies/alliance-party-housing-policy/
“State housing: We would fight for a radical increase in the number of state houses being built to ensure adequate supply of quality affordable housing, appropriate to people’s needs. This must be a universal entitlement rather than targeted at those with extreme needs.

We would establish a publicly owned and controlled housing construction agency employing builders and apprentices to build State houses, and to modernise and insulate existing State houses.

Capital gains taxes and rent controls. We would not allow property investors to offset losses against taxes, as well as benefiting from untaxed capital gains. At the same time, we would introduce rent controls and stronger tenancy protection to prevent exploitation of the the poor.

Assist local bodies: Councils and other agencies aiming to provide pensioner flats and other social housing would be assisted by loans at below market interest rates, but only if rents are set at less than 25% of household income; no more sales of Council housing.” etc.

https://www.greens.org.nz/policysummary/housing-policy-summary

“Housing is a social good and a basic right.
No one should be prevented from establishing a decent home because of low income.
All people should have secure tenure of appropriate housing.
Housing developments should optimise land use, reduce car use and be built to sustainable building principles.
Energy-saving and resource-conserving technologies must be promoted for all buildings.” etc.

https://www.labour.org.nz/portfolios/housing Statements outlining thinking

https://www.labour.org.nz/affordable-and-healthy-homes
“Put 100,000 Kiwi families into their first home through KiwiBuild.
Restrict the ability of non-residents to purchase New Zealand houses.
Require landlords to ensure every rental house in New Zealand is warm and dry.
Create new jobs, 2,000 apprenticeships and give a $2 billion boost to the economy through KiwiBuild.
Introduce a capital gains tax to take pressure off house prices.
Introduce a National Policy Statement to ensure Councils are more likely to approve projects involving affordable housing.”

Advertisements