The Daily Blog Open Mic – Tuesday 26th June 2018

1. I hope someone can do an update on this disgusting PPP giving away our state houses at Tamaki…

   It looks like they built something at Tamaki, but it’s $863,000.

   CLASSIC, UNDER THE AFFORDABLE HOMES LINK IS

   SORRY – WE COULD NOT FIND THAT!
   Please try using the navigation or the search above.

   https://www.tamakiregeneration.co.nz/new-home-opportunities/affordable-homes

   9 EASTVIEW ROAD
   2 and 3 bedrooms
   15 architecturally designed 2 and 3 bedroom homes on freehold title, built with solid precast concrete panels and with quality finishes of brick and weatherboard cladding. Two sides of the development face into the neighbouring park.
   From $863,000

   https://www.creatingcommunities.co.nz/homes

   You can buy a section for SUBDIVISION
   FENCHURCH STREET
   GLEN INNES
   Packages from
   $479,000

   Gosh that’s that free public land, now being unsold for nearly half a million, that’s bringing the prices of housing down as intended!!! sarcasm.

   http://www.classicbuilders.co.nz/house-land/fenchurch-street-glen-innes-auckland/

   Previous to this they promised 400 state houses to be built now.
   https://www.newshub.co.nz/home/new-zealand/2017/03/tamaki-housing-scrap-they-re-shifting-out-the-poor.html

   • Time for a market crash, normally a due ‘adjustment’ of market conditions, to make homes more affordable again, but blocked by the previous and present governments, who have allowed the local residential market to become an international one, a playground of speculators and better off portfolio investors.

     It is time for a serious action, a revolution of sorts, all else is tinkering at the edges, solving damned nothing.

   • At $500,000 to $600,000 a piece, the Acting Prime Minister pours scorn on Kiwi Build

     Winston Peters says $200,000 is affordable for a home, above that is not

     Currently Living Wage Aotearoa puts the living wage at $20.55 an hour – or $42,744 a year while working a 40-hour week.

     A house at five times that annual income would be $213,720. New Zealand’s current median house price is $562,000 nationally, or 13 times the living wage annual income.

     Traditionally the median multiple measure is used to look at median household income versus median house prices, with three times being the internationally agreed measure of “affordable”.

     Acting Prime Minister Winston Peters says houses should be affordable even to those on a living wage.

     Peters said on Tuesday that “a long-term target” of getting median house prices to drop to five times the annual living wage was desirable and “should be achievable before too long”.

     “That’s what our aspiration is, to have a first house buying regime, where young families with not great deal of discretionary money, nevertheless can buy their first home.”

     Kiwi Shilled

     “Un-affordable”

     A government announcement that it plans to build up to 4000 houses on just under 30 hectares of Unitec land in Auckland’s Mt Albert has done little to comfort sceptics of its KiwiBuild programme.

     It was revealed yesterday that 30 to 40 per cent of the homes it planned to build on the land bought from the education provider would be “affordable” – costing $500,000 to $600,000. That would include townhouses, apartments and flats.

     It is the first announcement of the KiwiBuild programme, through which the government hopes to build 100,000 new houses over 10 years, half of which will be in Auckland.

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