Wednesday, September 3, 2014
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Which political party has the best housing policy?
Please read summarised policies below.
HomeStart grants of up to $20,000 for couples to add to KiwiSaver savings used for a deposit on a new home. Special Housing Areas to fast track consenting process. Legislation to curb development contributions levied by councils on developments. Inquiry into building products supplier practices. RMA reform.
The KiwiBuild government-run $1.5 billion scheme to build 100,000 affordable new homes mostly in Auckland and Christchurch initially.A capital gains tax and controls on foreign investment in residential real estate to curb speculation. Force local authorities to ensure the release of new land for building with a national policy statement under theRMA.
A rent-to-buy scheme for families with children. Limits on house ownership by foreign non-residents. A capital gains tax excluding the family home and support for Labour’s KiwiBuild.
Establish a new state agency to buy and sell land for residential developments. A 2% interest rate for five years for buyers of those sections but with houses built using normal bank finance. Restrict home ownership to "New Zealanders"only.
Kainga Whenua loan scheme providing 100% loans up to $200,000 to build, maintain and repair homes onmultipleownedMaori land. Available only to those people who have no other access to finance to build, relocate to or buy on their multiple-ownedMaori land.
Low-interest, no-deposit Maori Home Ownership Scheme for Maori first home buyers. Kiwibank Home Ownership Scheme with low-interest loans for specified low-and middle income individuals and families. Build 10,000 new state homes per year for rent and rent-to-own.
Remove regulatory constraints on the supply of land for building by scrappingtheRMA.Amend the Bill of Rights to protect the right to own and use property as the owner sees fit to get rid of planning restrictions.
Allow families to capitalise their Working For Families entitlements for a year as a lump sum to help purchase their first home.Work in partnership with iwi to develop former Crown land for housing.
Tell owners of large "land banked" holdings to build homes within five years or face the government intervention. Allow higher-density housing.
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