] NEWS: National aims to make home ownership affordable - Rt Hon John Key
News release

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05 August 2007
NEWS: National aims to make home ownership affordable

National Party Leader John Key says the party is aiming to make home ownership more affordable again.

His speech to the party's annual conference in Auckland today outlined a four-part plan to address housing affordability, and he signalled more policy was to come.

"Home ownership is an economic problem, with obvious and important social dimensions. Labour's economic management, combined with heavy-handed regulation, has seen the dream of many young Kiwis to own their own home dashed," says Mr Key.


The plan's four parts are:

    • ensuring people are in a better financial position to afford a house
    • freeing up the supply of land
    • dealing with the compliance issues that drive up building costs, and
    • allowing state house tenants to buy the houses they live in.

"National will make sure people can afford their mortgage. We will lower personal income taxes, easing the burden of mortgage repayments, and better reward savers.

"Secondly, we will take legislative action to ensure an increased supply of land for housing. Difficulties with the RMA and disagreements between different arms of local government, too often slow release of land. This drives up land prices and development costs.

"We will amend the Building Act to cut red tape and instead drive quality through greater commercial accountability.

"And National will allow Housing NZ tenants who want to purchase the house they live in to do so. We will reinvest the proceeds into replacement houses for needy families on the waiting list.

"Alongside this plan, National will increase trades-training opportunities so New Zealand has more skilled people to build houses. This will start with our trades in schools programme and will also include boosting apprenticeship training.

"National will also be undertaking more policy development.

"We are a party founded on principles that include home ownership, and we intend to deliver on those principles."


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#1 - Andrew 2007-08-07 10:00 - (Reply)

Hello John, Fantastic to hear such a decisive conviction on housing affordability in your speech - with the right ideas! I notice Helen Clark has made some sense when she stated "increasing funds without increasing supply will only drive up prices" but Labour, on this issue, is far too little too late. I'm concerned that their idea of housing affordability may only be for affordable units in high-density developments - that's what we will see if they impose inadequate land liberation. I think we can only trust National to sort this problem out. If Labour really gave a damn, our affordability crisis would hardly have even happened in the first place. Child abuse: In my opinion, the public has been encouraged to see prisons primarily as a system of rehabilitation. I don't believe that's what they are, or should be as such. They are primarily a system of deterrent, and that I think is how we should see them. Likewise, it makes sense to beef up the deterrent for child abuse because of its enormous cost on the child and society, if that is going to help. People can't ultimately be blamed for the urge to abuse their children, but they can be blamed for failing to exercise self-control [excluding true compulsives]. Rehabilitation is great if possible, of course, but it should not compromise the deterrent function. Maybe we can look at ways of helping people to manage themselves if they suffer from abusive tendencies? This might help too. Energy: Not directly related to your speech, but I'll take the opportunity to comment anyway: Did you see the *Pebble Bed Modular [nuclear] Reactor* on 60 minutes? I do not support traditional nuclear power because the fallout, should a meltdown occur, is beyond horrific - that kind of nuclear power should be an absolute last resort, I believe. However, these Pebble Beds [I've been familiar with them for a number of years] are very interesting, and I think we should look at this technology. In short; even if a terrorist successfully blew up a Pebble Bed reactor you would still have no real fallout and an easy, quick clean up. They can also be employed on a small scale and located just about anywhere. Not only does that make them more efficient and cheaper, but I would imagine you could use the waste-heat directly for other purposes too (because you can locate it anywhere). This is a form of nuclear power NZ might open its eyes to.


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