INDEPENDENT NEWS

Housing Affordability - Kiwisaver Important

Published: Tue 10 Oct 2006 09:49 AM
CTU MEDIA RELEASE
09 October 2006
Housing Affordability Report Highlights Importance of Kiwisaver
"Massey University's Home Affordability report highlights the importance of measures like Kiwisaver in assisting New Zealanders with their first home purchase," CTU president Ross Wilson said.
"The Massey report confirms that house prices have significantly outstripped wages - this time by almost 100 per cent."
"The survey once again highlights low wages and low wage growth in New Zealand and the dramatic negative social impact this is having on core New Zealand values like home ownership."
"House prices have gone up around 50 per cent in the past three years, while wages have risen by less than 10 per cent," Ross Wilson said.
"Home ownership is an important New Zealand value and we have to build on measures like Kiwisaver to ensure this continues."
ENDS
Council of Trade Unions
Te Kauae Kaimahi
The New Zealand Council of Trade Unions Te Kauae Kaimahi brings together over 350,000 New Zealand union members in 40 affiliated unions. We are the united voice for working people and their families in New Zealand.
Contact NZCTU
Website:
Twitter:
YouTube:
Phone:
Facebook:
Physical Address:
Level 7, West Block, Education House, 178 Willis St, Wellington.
Media Contact:
huiaw@nzctu.org.nz
Postal Address:
PO Box 6645, Marion Square, Wellington 6141.

Next in New Zealand politics

New Zealand Secures Major Free Trade Deal With European Union
By: New Zealand Government
New Measures To Help Manage COVID-19 As Country Stays At Orange
By: New Zealand Government
Prime Minister's Remarks At NATO Summit
By: New Zealand Government
New Era For Better Health In Aotearoa New Zealand
By: New Zealand Government
Alcohol Harm Minimisation Bill Pulled From Biscuit Tin
By: Green Party
Wellington’s Rapid Transit Option Progresses To Next Stage
By: New Zealand Government
EU Market Remains Largely Closed To NZ Dairy
By: Dairy Companies Association of New Zealand
Winners And Losers In NZ-EU FTA
By: Business NZ
View as: DESKTOP | MOBILE © Scoop Media