Solution to rent rises lies in building houses and stopping speculators
The spread of rental increases from the big cities to the surrounding regions shows why we need to get on top of the
housing shortage build homes our families can afford, and lock out the speculators, says Labour’s Housing spokesperson
Phil Twyford.
“The latest figures from MBIE show that, since National came to power, rents are up 37 per cent, far ahead of wages. Auckland, Tauranga and
Queenstown have now seen average rents increase over $150 a week since 2008.
“Rents are up six per cent nationwide in the past year. Places like Kapiti, South Wairarapa, Hurunui, and Carterton saw
increases of over $50 per week in the past year, showing the pressure of the housing shortage in the cities is forcing
up rentals further and further out.
“The same lack of housing that is forcing up rents is forcing families into cars and garages, and on to the streets.
“We need more positive action on housing. National simply has not fixed the problem.
“Labour will build affordable starter homes and sell them to first home buyers at cost. At the same time, we’ll close
down the speculators’ tax loophole and ban overseas speculators from buying existing houses. And, we’ll require all
rentals to be warm, dry, and healthy to live in.
“Labour’s positive plan will deliver quality, affordable homes to our families, stabilise rents, and a fair shot at
owning a place of your own,” says Phil Twyford.