You are using an older browser version. Please use a supported version for the best MSN experience.

Labour has more to say on housing

NZ NewswireNZ Newswire 9/07/2016

The government says there's a supply problem in the housing market but others say immigration is driving demand. © Getty Images The government says there's a supply problem in the housing market but others say immigration is driving demand. Part three of Labour's housing policy splurge is being billed as comprehensive.

Labour leader Andrew Little says the announcement at 2pm on Sunday will deal with several issues, including speculators and housing affordability.

On Thursday he announced an emergency housing policy, and on Saturday at the party's centenary conference in Wellington he followed up with a state housing policy.

Labour will make Housing NZ a government department again with a social mandate and use the dividends it's been paying to government to build state houses.

Economic Development Minister Steven Joyce says the government puts way more money into Housing NZ in rent subsidies than it takes out.

Homelessness and the affordability of housing, particularly in Auckland, are big issues.

The government says there's a supply problem in the housing market but others say immigration is driving demand.

"We have to build more houses, and we have to build more affordable homes. That's what we're targeting," Mr Little said on TV3's The Nation program on Saturday.

He says tax measures can be taken but Labour will not be going into the 2017 election with the capital gains tax plan that cost it at the last election.

Mr Little is expected to provide more detail about the targets of Labour's existing Kiwibuild policy, which seeks to build modest houses for sale to first home buyers in partnership with the private sector.

He's raised expectations ahead of the announcement so will be under pressure to deliver.

image beaconimage beaconimage beacon