When in Opposition, Labour banged on about a housing crisis and promised that their policies were the only possible solution to fix it. Housing certainly hurt National. Since then however Labour’s policies have had the opposite effect on housing, and the crisis just deepens:
New figures released by the Real Estate Institute of New Zealand (REINZ) today shows Auckland’s median house price increased by almost 27 per cent from $905,000 in May last year to $1.148 million last month.
However, the super city isn’t the only region seeing growth.
Median prices for residential property across New Zealand increased by more than 32 per cent from $620,000 to $820,000 over the past year – the highest annual percentage increase in house prices since records began.
“Median prices haven’t significantly eased yet as many had hoped would be the case, and things are certainly not getting any more affordable for first time buyers,” acting chief executive at REINZ Wendy Alexander said.1News
The 100,000 Kiwibuild homes are really making a huge impact on house prices, aren’t they? /sarc
By the time of the next election, even Blind Freddy will know that Labour has no solutions to fix anything, and in fact, everything they will do, or have done, just makes things worse.
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