Apartment buyers’ dreams crushed while Govt stands by

 

First home buyers left in the lurch after apartment-building projects collapsed deserve more support from the Government, who told them to buy apartments in the first place, the Green Party said today.

Thirty five apartment projects have reportedly collapsed in Auckland in the last 12 months, including in Special Housing Areas, consisting of more than 2000 new homes.

“John Key said first home buyers should be looking at apartments, but what are these people supposed to do when the apartment projects they’ve bought into collapse, leaving their home-ownership dreams in tatters?” said Green Party Co-leader Metiria Turei.

“If rising construction costs are the issue, the Government should be looking at what it can do to make sure apartment builders have access to enough finance to cover construction costs.

“The Government can help keep construction costs down by using its purchasing power to buy in bulk, to build affordable housing.

“The market is clearly broken if developers trying to build affordable homes can’t get enough finance, while property speculators can borrow easily to buy their fifth or sixth investment property.

“The truth is that the market isn’t geared to provide enough houses or apartments by itself, and so the Government should have started building thousands of affordable homes years ago,” Mrs Turei said.

Latest Auckland Issues Announcements

Story

Waka Kotahi miss the boat on community needs for Waiheke ferry services

Auckland Central Green MP, Chlöe Swarbrick, this morning received a long awaited OIA with official advice and consultants’ reports on whether to re...
Read More

Story

A new life for St James Theatre

After years of community organising, Green MP for Auckland Central Chlöe Swarbrick is thrilled to announce today alongside Deputy Prime Minister Ho...
Read More

Story

Auckland flood response report requires urgent action

Auckland Central Green MP Chlöe Swarbrick welcomes the findings of the Auckland Flood Response Review and urges Council to not delay implementing t...
Read More

Story

Greens launch submission guide for Auckland Council budget

The Green Party has today launched a submission guide to help Aucklanders give crucial input and prevent potentially disastrous Auckland Council bu...
Read More

Story

Greens launch petition to stop Auckland Council climate action cuts

The Green Party has today launched a petition to stop Auckland Mayor Wayne Brown’s proposed cuts to climate and environmental programmes that prote...
Read More

Story

Hauraki Gulf in urgent need of protection

The Green Party backs the demands of Forest and Bird and calls on the Government to take urgent action to restore the health of the Hauraki Gulf/Tī...
Read More

Latest Building and Construction Announcements

Story

Let’s build better, warmer, and climate-friendly

The Government must take steps to ensure that the way we build our homes is helping to meet New Zealand’s climate change targets, the Green Party s...
Read More

Sustainable buildings and warm dry homes

Everyone has the right to a warm, dry home. Instead, housing in Aotearoa often makes us sick from damp and cold. In Aotearoa, much of our housing s...
Read More

Story

National would rather save landlords some cash than look after sick kids: Green Party

The National Party is more concerned about the back pocket of property investors than sick kids and the elderly, Green Party Co-leader Marama David...
Read More

Story

Stop charging homeless people for emergency housing

The Green Party is calling for the Government to stop sending homeless people into thousands of dollars of debt with the Ministry of Social Develop...
Read More

Story

Green Party: Building code out of date and won’t ensure warm, dry homes

In response to calls for a compulsory energy rating for buildings the Green Party is renewing calls for the building code to take better account of...
Read More

Story

Green Party calling for bold steps to tackle issues in Salvation Army report

The Green Party agrees with the Salvation Army that bold new steps are needed to stop a worrying trajectory of increased rent rises and homelessnes...
Read More