Labour’s plan has three main elements:
• An Affordable Housing Authority that will cut through red tape to deliver large-scale master-planned communities
• 100,000 new affordable homes for first home buyers, with 50% in Auckland
• A tax on speculators by extending the bright line test to five years, on top of a ban on non-resident foreign speculators buying existing houses.
“Labour’s plan includes recent announcements to stop the state house sell off, build more warm, dry state houses and increase the number of emergency beds to house the homeless.
“The housing crisis is out of control and is only going to get worse under the current government. It needs a full and comprehensive solution. Only Labour can provide that. It’s time to change the government,” says Andrew Little.
Labour’s comprehensive plan is available at labour.org.nz/housing.