National average house price went up nearly 30% in 2021
The national average house price rose nearly 30 per cent last year. Figures from QV show the average house price went up 28.2 per cent in 2021, with the new national average hitting $1,053,315.
Last month Matthew Hooton tweeted a graph showing NZ with the highest level of house price inflation with the following message, ‘why I’m voting Labour’…
…last week Damien Grant did the same…
…when the Darth Vader Twins of the NZ right are cheering your housing policy, something has gone horribly wrong.
Grant Robertson should get a knighthood for services to property speculators.
To stave off an economic stampede as Covid broke out, the Government pumped billions into the banks who in turn used that to spark a speculative gold rush that will crucify renters once Adrian Orr has to raise mortgage rates.
Mortgage rates that the Megalandlord scum class will push straight onto their tenants!
The landlord class have a vast power over the renter class who have bugger all!
Surely an explosion of food inflation and oppressive rent hikes must be met with militancy!
A nationwide rent strike with clear instructions to the landlords to get the rent paid by Labour would terrify this nation of property speculators and their political handlers.
Burning down ghost houses should be next.
Previously renter militancy couldn’t be collectively harvested to be effective but social media can do that and so much more!
The politicians, landlords and banks have rigged the game for themselves – if we enter a winter of discontent from greedy landlords raising rents, we should strike back on the place that hurts them most, their wallets and their precious assets!
The truth (like everything else in fucking NZ), is that the under regulated free market has been warped by the wealthy for their interests and all Labour attempt is bullshit tinkering on the sides rather than challenge the dominance of neoliberal theology.
We have allowed the commodification of houses to be a means to make wealth and people are chasing that with all the nuance of meth addicts in a P lab.
If Labour wanted actual solutions, these 3 would do it.
1 – FLOOD MARKET WITH MASS STATE HOUSING REBUILD: End the scum landlord subsidy of housing allowances end putting money into the pockets of unscrupulous motel owners by rapidly building 50 000 new state homes. Scum Landlords can do as they please because the level of desperation amongst renters gives them total power. Flooding the market with 50 000 new state houses would rob scum landlords of that desperation.
2 – STATE HOUSE FOR LIFE: Allow beneficiaries to stay in their state home for life so that they can create stable communities and that their desperation is never transported back to Landlords.
3 – DEPOSIT RESTRICTIONS: I have no issue with people who own their own home, or have a batch or even a 3rd property to provide income into your retirement. What I have no time for is people who own 4 properties, 5 properties, 10 properties, 20 properties, 80 properties.
Fuck them.
First time home buys should be required to have 10% deposit, but the more properties you own, the higher the deposit. The reason the speculators can out buy any first time home owner is because they can use their multiple properties to leverage more debt.
If you are a property speculator, you need to turn up with a 70% deposit to counter the leverage multiple properties allows them.
If Labour want to actually solve the problem they have to regulate the market and re-set it so that speculation is punished while first home ownership and housing of the poor is championed.
For too long we have allowed the the rich to dictate the rules, if Labour’s kindness is to be meaningful, it needs to challenge that dynamic.
Unfortunately Labour are not looking for solutions, they are looking for the pretence of a solution to ease criticism from their Left.
That’s ‘neokindness’.
A rent strike would force Labour to do something more meaningful than tilting their head to one side and nodding sadly!
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Yes!! a Rent strike to get the Labour Caucus’ attention, AND organised occupations of empty residential and commercial properties to get the rentiers and bankers attention. The aim should indeed be a state house & apartment mega build, including immediate Rent Freeze and Rent Control.
“Generation student loan”, and “generation rent overpriced dumps for life”, need to take political action along with all who can be united to restore the status of housing to accomodation rather than parasitic investment opportunities.
Dog eat dog Chicago School economics has fucked this country’s working class for almost 40 years now and it is only direct action that will turn that around, and start a political movement to roll back Rogernomics and the neo liberal state for good.
New political leadership is required to push for Eco Socialism and shock the Parliamentary Parties.
The State is such a great landlord you can sit in your front room behind a locked door and watch fellow tenants get murdered or bashed up take and sell drugs be abused secure in the knowledge if you complain you will be asked to move . If any of the private landlords that you sling off at had tenants like these they would be taken to the tribunal.
To my mind the majority of private landlords are just people with the balls to take a risk and commit money and time to improving their lot and realize this is a long term investment and so need good longstanding tenants . The best way to do this is to look after the property and the tenants will do the same win win . Not everyone wants to own a property .
Why should benefituries other than those on the sickness benefit get a house for life as a reward for not getting into the workforce?
The Valocity data destroyed the myth of mum and dad investors making up the majority of landlords.
Why should investors leave 40,000 homes empty in Auckland ,and make annual capital gains which exceed the earnings of the working stiff?
The evidence against this government can no longer be ignored. Labour and National are just the same. Labour are Omicron, National Delta, and although one is slightly milder, both are a nasty political disease to those who don’t have wealth.
So servile are they to the the well off, Labour gifts them nearly $9000 plus no road user taxes, no at the pump ACC levy, plus free recharge stations to go out and buy a new Tesla just for jolly, something to accompany the E bike, iPhone 13 and the matching coloured Bichen Frise handbag puppy. That 9 grand was not needed but fuck it, they suck that benefit up, thank you very much. But meanwhile on dead end street the riff raff renting can get stuffed, pay off a $9000 used petrol car (if they can get a loan nowadays that is), pay eye watering prices for fuel and road user charges plus ACC levies and go to work in it under lockdown to serve their masters, paying for the very roads the E car beneficiary drives on.
What is wrong with this picture? .
I assume the fools that make up this rich man serving government/party think the trickledown theory will apply when these bloated priced vehicles age, the servants can buy the overpriced cast off’s but that is when the ruin kicks in. E cars are uneconomic to repair because their very finite life precious materials batteries are so expensive to replace.
Jacinda is a great foil to make voters think Labour care. They don’t. They are wedded to an unwritten old boys agreement with National over a glass of finest malt whiskey.
They are here for the elite and for themselves. No one else.
It’s pretty tragic when all policies around housing have the datum of how it will affect Te Atatu man with his late model black twin cab Ford Ranger ute with fishing boat parked up on the front lawn and their 2- 3 over indulged kids wandering around with their latest smart phones.
All their luxury aquisitions ,are of course, on ‘tick’, as their rapidly inflating house price lock- stepped with record low interest rates have allowed them to reap the benefits of windfall paper gains, and so borrowing more and more to give them a feeling of wealth beyond their wildest dreams is the irresistible drug that keeps on giving them the euphoric dopamine hit highs that must be repeated to retain their newfound status and meaning in life.
And it’s a dream that they don’t want wake up from. It’s all a bit tragic really. Such a superficial world.
Of course it’s all going to end in tears.
Their over indulged kids will never attain the dizzying heights that they are experiencing right now, and so soon, it will be all be down hill for them as they will more than likely need a mortgage the size of Africa to own a dog kennel ,(if they’re lucky ), and end up leading a life of drudgery as ‘the bank of Mum and Dad’ can only be stretched so far. Bearing in mind that the ‘toys’, that their parents have got so used to, will need upgrading on a regular basis.
If house prices double every 10 years, then 2031 will see the average house price at $2.1 million.
How stupid is that .How stupid are the prices that people are paying today ,or last year, or even 10 years ago. And apparently ,the stupid prices that have been for paid by what amounts to a handful of people,(relatively speaking) are locked in on all house, forever . Must never be allowed to decline. Must never ever get down to their true value. Never. Ever.
Nope .The giant pyramid scheme . The Ponzi of all Ponzies must rein supreme. Ah-men.
Good luck with that, whoever is in power, but that it is simply unsustainable.!!
The debt party is over, its late and the FED gang have just turned up with knives. Blood is about to be spilt.
Well, we will probably see a lot less Ford Rangers on the road as a result of these new lending laws coming. No more topping up the mortgage to buy your new toys. Just have to stick with the ’04 Courier.
Yes the vile council cranked up rates by 30%, I must raise the rent
4. An end to mass immigration. NZ has had an economy based on an expanding population. This puts downward pressure on wages and upward pressure on rents and house prices.
Mass immigration and the resulting increase in our population seems to be politely ignored by anyone discussing the housing problem, and indeed our ever increasing environmental problems.
…because it’s racist to mention the fact that “we” have imported a fuck tonne of foreign right-wing racist neo-colonials, apparently…
“I have no issue with people who own their own home, or have a batch or even a 3rd property to provide income into your retirement.”
This is not the first time you have made this comment. What you are saying that we need three houses for every person in NZ so we can all have a batch and a rental.
Isn’t that what we have now or aspire to, and that’s not going so well.
Land price should go down.
Govt should provide land to the developers and no developers should be allowed to sell above a price decided By federal govt
No local authorities should get any single dollar from the land sale.
But push local authorities to help provide more land to claim their gst.
Developers should be made to release the land within a year of hold, with or without development, make them pay if they don’t develop, give to other companies who can develop
Monitor each builder carefully in their pricing, cancel their license if found guilty
1. Very good solution focussed ideas ppl first.
2. We leave the growth of our cities and towns to retired 90 year old lady market gardeners that own bare land on the edge of town. Classic kiwi.
3. Same as immigration (not planned) same as healthcare (not planned) same as infrastructure (not planned) Classic Kiwi.
4. I think infrastructure development needs to be government funded. Wait what-3 waters could do that!
5. Every town needs land for a tiny home community. Classic Kiwi.
7. I bloody reckon I could rip a hole for a kilometre of water pipe a day in a greenfield subdivision if the going was good. That includes smoko and a jimmy’s mutton pie for lunch.
No home loan should be allowed for those who own more 2 residential property , till the crisis ends.
No new residential purchases should be allowed to rent for 5 years.
Ppl with more than 3 properties should be taxed huge if they are not a tax resident(184 days continuously in nz) of New Zealand, even if the property belongs to a trust which is owned by foreign investor.
Google falcon landing and look on google map in satellite view and look for the new development theres
100s or more of properties are titled in falcon but not a single one is available for purchase. Why is it not developed? Who holds it why is it not in market yet ?
Developers and builders controlling release to create demand so that the price don’t crash.
Find each buyer and question them why is it not getting developed.
It is not just falcon , but Farington , oaksbridge , prebleton, halswell, Woodend, darfield , Ackland park, Belfast and many more
High penaltiyon should be imposed on developers and builders who control release or are not developing
We NEED a rent strike right NOW!!!!
Unfortunately APATHY will ensure there are no rent strikes.
National Lite can address the housing issue if they really wanted to.
-variable stamp duties-exempting first home buyers
-levy on homes empty for more than 6 months
-soft 10 yr loans for first home buyers.
Crisis sorted by …lunchtime.
NZ=highest house prices in the… world
NZ=highest rents in the…world.
NZ=highest cost of living in the 1st world.
“2 – STATE HOUSE FOR LIFE: Allow beneficiaries to stay in their state home for life so that they can create stable communities and that their desperation is never transported back to Landlords.”
Christ No.
https://sub-zero-politics.blogspot.com/2021/11/kianga-ora-scandal-my-parents-situation.html
In the 1990’s when National decided to move rents to market rents, there was a rent strike attempted, but it fell flat when HNZ had the tenants evicted and then hit them for the overdue rents.
I would imagine the same thing to happen now.
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