Another day another episode of the Muppet show

Labour leader Andrew Little used his first house to highlight how housing had become unaffordable under the National-led Government.

However, analysis shows the value of his “starter home” in Wellington rose at a greater rate under a Labour Government than under National.

In his speech at Labour’s Congress on Sunday, Little said house prices were “out of control” and getting further and further out of reach for Kiwi families.

He spoke about he and his wife Leigh’s first home, a two-storey property in Brooklyn which cost $315,000.

“That wasn’t a small amount of money for us, but it was manageable. It got us a three-bedroom starter home, built on a hillside in Wellington.”

That wasn’t a starter home back then.

SB and I bought a real starter home in Wellington in Johnsonville for $139,000.

Brooklyn is hardly a starter home suburb. That would be Johnsonville, or Tawa, or out in Hutt Valley.

Little is a full blown bullshit artist.

Labour is promising to address affordability problems by building 100,000 mid-priced houses in 10 years, banning purchases by non-residents, and extending a “bright line test” to five years. It announced on Sunday that it would get rid of a tax incentive for landlords which it said encouraged speculation.

National is aiming to boost supply by redeveloping Crown land with capacity for 70,000 homes, while also building houses on fast-tracked housing areas and offering grants of up to $20,000 for first-home buyers.

– NZ Herald

 


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