Finally Labour gets it - land supply is key to housing

It’s great to see Labour supporting ACT’s policy of removing the Auckland urban boundary, says ACT leader David Seymour.

“Artifically restricted land supply has always been the source of housing unaffordability.  But until now the debate has been driven by hysteria over foreigner buyers and speculators.

"Hopefully this is a turning point and all political parties will focus on the real solution - freeing up land and increasing housing supply by removing red tape.

Foreign buyer figures: National must denounce land tax

ACT Leader David Seymour is calling on National to denounce its proposed land tax in the wake of figures showing low numbers of foreign house buyers.

“Confirmation that 97% of property sold in the last three months went to New Zealand tax residents shows that the fuss over foreign buyers has been pure political scapegoating.

“It was bad enough when it was the opposition blaming house prices on foreigners. National should never have sunk to that level with its proposed land tax on foreigners.

Housing costs even worse than we thought

“Yesterday in question time I sought to draw attention to how much worse housing costs are than university costs for young Kiwis.  But after checking the latest data, it’s even worse than I thought,” says ACT Leader David Seymour.

“The average student loan balance for tertiary leavers is about $14,000.  The price of housing over the last three years (the typical university study period) has increased by $78,000.  So costs incurred by house price inflation are exceeding that of student debt by 5.6 times.

Baby boomer government lets down a generation

The 12th Annual Demographia International Housing Affordability Survey is a reminder of how little resolve the Government has applied to fixing a dysfunctional housing market.

“Watching the Annual Demographia updates is a reminder that a Cabinet of baby boomers has done nothing effectual on housing affordability," said ACT Leader David Seymour.

David Seymour to the Minister for Building and Housing

DAVID SEYMOUR (Leader—ACT) to the Minister for Building and Housing : Does he agree with the Deputy Governor of the Reserve Bank that the key problems with housing supply are “a limited supply of land ready for building; restrictive planning processes, and a lack of coordinated planning in infrastructure development”?

National colonises Labour’s policy manifesto

“National is colonising the Labour manifesto with its signalled interest in a land tax on foreign house buyers,” says ACT Leader David Seymour.

“Now that Labour and National seem to be in agreement, there is no debate over the real effect of a land tax or stamp duty.

“How much of the land tax’s cost will be paid by the intended targets – foreign buyers – and how much cost will be passed on to good local vendors?

“And does National really think taxing investment in housing will encourage new development?

Worksafe red tape making housing less affordable

“Workplace safety standards need to be justified in cost-benefit terms,” says ACT Leader David Seymour in the wake of a new report [1] on building safety red tape.

“The existing regulations form yet another regulatory barrier to housing affordability,” said Mr Seymour.

“Builders are being forced to take ‘all practicable steps’ to ensure workplace safety. The threshold is drawn so low that builders even have to erect scaffolding on single-story sites.

David Seymour on Labour's race-baiting

ACT Leader David Seymour spoke with Lisa Owen regarding Phil Twyford's attempt to turn housing affordability into a racial debate. Video is available here.

Transcript:

Pages