ACT New Zealand MP John Banks today welcomed the first draft report by the New Zealand Productivity Commission which concludes that home ownership is unaffordable for many.
“Home ownership is something my generation, and the generations before me, took for granted. For most young people today, home ownership is now only a dream,” Mr Banks said.
“ACT is glad to have secured National’s support last term for the establishment of the Productivity Commission, which is tasked with improving productivity and therefore the standard of living for all New Zealanders.