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

New Year Honours List 2018
By: New Zealand Government
National Party launches bid to save highway projects
By: New Zealand National Party
Medicinal cannabis to ease suffering
By: New Zealand Government
CPAG report: The further fraying of the welfare safety net
By: CPAG
Government mourns the passing of Jim Anderton
By: New Zealand Government
Green Party mourns passing of Jim Anderton
By: Green Party
National expresses condolences at passing of Jim Anderton
By: New Zealand National Party
NZ First expresses condolences over death of Jim Anderton
By: New Zealand First Party
CTU mourns Jim Anderton
By: New Zealand Council of Trade Unions
Prime Minister congratulates Honours recipients
By: New Zealand Government
Petition launched to ensure Auckland to Whangarei route
By: New Zealand National Party
Petition launched to support East-West Link
By: New Zealand National Party
Napier to Hastings Expressway at risk
By: New Zealand National Party
Waimak MP backs petition to save motorway project
By: New Zealand National Party
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media