INDEPENDENT NEWS

Rising CPI means we need houses more than ever

Published: Thu 20 Apr 2017 01:34 PM
Rising CPI means we need houses more than ever
Stats NZ’s report today that consumer price index inflation is at 2.2 per cent should worry first home buyers, says ACT Leader David Seymour.
“News today that inflation has exceeded 2.2 per cent means that interest rates in New Zealand are set to rise, hitting young home buyers,” says Mr Seymour.
“The National Party frequently offers low interest rates as evidence for their claim that housing is still affordable in New Zealand, but today’s inflation figures show that the mirage is disappearing.
“Inflation is rising and mortgage rates will follow. This will hit recent home buyers as well as putting a first home further out of reach for young New Zealanders.
“National has allowed the housing shortage to escalate, and house prices to run out of control.
“A stronger ACT will cut red tape on land use and home building, restoring home affordability – even when interest rates come off their record low levels.
“ACT in Government will keep government spending low, one of the most important ways to limit inflation. A high-spending government with Labour, and the Greens or NZ First would certainly drive spending, inflation and interest rates even higher.”
ENDS

Next in New Zealand politics

Mental health crisis: "The government is in denial"
By: Public Service Association
Greens launch plan for cheaper and cleaner electricity
By: Green Party
People's Mental Health Report Released
By: People's Mental Health Review
Bring back the Mental Health Commission
By: New Zealand Labour Party
Mental health inquiry will help to save lives
By: Green Party
Report on Mental Health Shows Need for Review
By: New Zealand First Party
Putting caring into mental health care
By: Massey University
Mental Health staff benefit from self-reflection training
By: Careerforce
New Zealanders’ physical and financial wellness suffering
By: CIGNA
Call for a full independent inquiry of mental health system
By: Family of Nicky Stevens
Three new trends in workplace wellbeing
By: Diversity Works
Crisis in Funding for Mental Health Service
By: Mothers Helpers
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media