Category Archives: NZ Housing

The Virus and the Property Market: Are We on a Precipice? — The BFD

Simon AngeloEditor, Wealth Morning InformationOp-Ed This article is general in nature and should not be construed as any financial or investment advice. To obtain guidance for your specific situation, please seek independent financial advice. My first car was a 1967 VW Beetle. A beautiful car. An air-cooled engine. But, from time to time, that engine would…

The Virus and the Property Market: Are We on a Precipice? — The BFD

Kiwis Left in the Dark over Interest Deductibility Rules — The BFD

The new rules relating to mortgage interest deductibility, cunningly renamed the Interest Limitation Rules, are due to come into force on 1 October without a proper explanation of how they will even work in practice, National’s Shadow Treasurer Andrew Bayly says. “Over the past year the only information shared with New Zealanders about how the…

via Kiwis Left in the Dark over Interest Deductibility Rules — The BFD

Over 4,000 kids living in motels — Kiwiblog

RNZ reports: The number of children living in motels has reached a record high, despite the Government’s pledge to combat child poverty.As at March 31, there were 4368 children living in motels across the country – up by 480 in three months. At the end of December there were 3888 children in motels. Call me…

via Over 4,000 kids living in motels — Kiwiblog

Oops we broke the law again — Kiwiblog

The Auditor-General has ruled: In our view, the intent of the Ministry of Housing and Urban Development, and the intent of Ministers, was to establish a new appropriation that would provide authority for the purchase of the land at Ihumātao. However, because the Ministry did not seek the correct approvals, the expenditure was incurred without appropriation…

via Oops we broke the law again — Kiwiblog

More Kindness, Labour Breaks Another Promise — The BFD

Jacinda Ardern promised us kindness. Instead, we get meanness. Jacinda Ardern pledged that she would solve the housing crisis. It has only got worse. She also promised light rail to Mt Roskill by 2021. Instead we’ve got nothing. The promised delivery of 100,000 Kiwibuild homes has become a sad joke. Now we find out that…

via More Kindness, Labour Breaks Another Promise — The BFD

The root cause of the Housing Crisis, the Crime Stats, Oranga Tamariki, our lack of Productivity Growth our Prison Population, oh, and our significant education decline — Kiwiblog

I started teaching in 1991. It is an incredibly frustrating system to be a part of – despite many, many good people being involved and some good intentions. The best analogy I can think of is that the system acts like a human with a pea sized brain, virtually no nervous system to communicate to…

via The root cause of the Housing Crisis, the Crime Stats, Oranga Tamariki, our lack of Productivity Growth our Prison Population, oh, and our significant education decline — Kiwiblog

Why House Prices Will Keep Rising — The BFD

Grant Robertson has written a letter telling the Reserve Bank that the government is unhappy about the cost of housing, and to find a way that the Reserve Bank can assist the government to relieve the situation for potential homebuyers. Adrian Orr is not someone who likes criticism. The Minister of Finance has not overstepped…

via Why House Prices Will Keep Rising — The BFD

Government Losing Control of the Housing Market? — The BFD

It is amazing what rubbish you read in the mainstream media these days. Take these statements, issued by none other than our favourite source of ‘truth’, Stuff: Prime Minister Jacinda Ardern was forced to defend herself against attacks from the Right and the Left on Tuesday morning as criticism mounted that the Government was losing…

via Government Losing Control of the Housing Market? — The BFD

Māori Council calls for police to address discrimination in cannabis arrests — Family First NZ

Radio NZ News 2 November 2020Family First Comment: Good call.Also focusing on why Maori disproportionately use drugs would also be a good call.Prevention and education matters. The New Zealand Māori Council has called on the police to use their powers of discretion to stop sending Māori to prison for low-level drug offences now the cannabis referendum…

via Māori Council calls for police to address discrimination in cannabis arrests — Family First NZ

Jacinda said they’d solve homelessness in four weeks — Kiwiblog

 

Been a great year of delivery hasn’t it. The number of people on the priority A waiting list for social housing has tripled since September 2017. Nothing at all of course to do with increasing costs on landlords and thern of course tenants. Tags: homeless

via Jacinda said they’d solve homelessness in four weeks — Kiwiblog

Kiwibuild Progress Report — Kiwiblog

 

Time for a monthly update! There are now 239 Kiwibuild houses. built. The Government promised 2,667 by October 2019 so they are at less than 10% of that. They also promised 100,000 within ten years. Pro-rata that would be 18,333 by October 2019, so they are at 1.3% of the pro-rata rate. This is important…

via Kiwibuild Progress Report — Kiwiblog

‘A Newspaper’ Trots Out a Ten Year OLD Story to Help Govt Sell Its Policy — The BFD

 

We have all seen that the legacy media in NZ are particularly fond of the Ex-President of the International Socialist Youth and will bend over backwards to do what they can to help her stay in power. This, of course, trickles down to supporting the brain farts of her minions when they come up with…

via ‘A Newspaper’ Trots Out a Ten Year OLD Story to Help Govt Sell Its Policy — The BFD

Cormack says Twyford must go — Kiwiblog

David Cormack writes: In the lead-up to the 2017 election there were two major policies of Labour’s that people seemed really enthusiastic about; KiwiBuild and the new rail system to go in Auckland. Twyford, for reasons that are now entirely unclear, was given responsibility for both. Boundless enthusiasm, confidence and some might say smugness poured forth…

via Cormack says Twyford must go — Kiwiblog

Is Twyford now going to apologise to the “kids” at Treasury? — Kiwiblog

In May 2018 Stuff reported: Housing Minister Phil Twyford has slammed the “kids at Treasury” over an analysis that halved the impact KiwiBuild would have on residential construction, and provided a sunnier forecast from another agency.In the Budget documentation on Thursday, Treasury analysts reduced the amount of additional residential investment they believe the Government’s flagship KiwiBuild…

via Is Twyford now going to apologise to the “kids” at Treasury? — Kiwiblog

KiwiBuild at Pegasus — WOBH | Media

A reader was curious about Kiwibuild at Pegasus in North Canterbury so went for a drive to check it out and he has shared his observations and photos with us. It is obvious from the photos that a metre of the section down either side of the home is the only space for children to…

via KiwiBuild at Pegasus — WOBH | Media

More Bad News for Landords — WOBH | Media

 

If you thought compulsory insulation, compulsory kitchen and bathroom fans and compulsory fixed heaters were enough, you are going to be disappointed. More than a year ago, the government announced that rental losses were going to be ringfenced. This has now passed into law… not that you would know about it. I have looked everywhere…

via More Bad News for Landords — WOBH | Media

Socialists Can’t Build Houses Because They Can’t Do Maths — TrueblueNZ

As truth is always the first casualty of war, so is education the first casualty of socialism. NZ kids started to fail at maths 40 years ago, and now these kids have joined National or Labour, NZ’s two main socialist political parties, and in the worst of two not very pleasant outcomes for the country, […]

via Socialists Can’t Build Houses Because They Can’t Do Maths — TrueblueNZ

How to Fix KiwiBuild — WOBH | Media

 

Someone who builds houses for a living and understands the market has spoken to Morning Report about some of the issues with the whole KiwiBuild fiasco. Is it slightly possible that he may have a better understanding of the issues than someone with a doctorate in History? Matthew Horncastle, managing director of Williams Corporation, told…

via How to Fix KiwiBuild — WOBH | Media

Auckland Council want to make housing massively more expensive — Kiwiblog

Stuff reports: A move to make all new homes more accessible for people with mobility needs has been put forward to the Government.Auckland Council’s governing body approved a submission last week calling for universal design standards for residential buildings.Universal design refers to the design of buildings to make them accessible to all people regardless of age, disability or other factors. Currently, only commercial…

via Auckland Council want to make housing massively more expensive — Kiwiblog

Kiwibuild to fall short by 90% in 1st term — Kiwiblog

Stuff reports: KiwiBuild is scheduled to deliver just 1535 houses in Labour’s first term in Government, a fraction of the 16,000 originally promised.Just 101 homes have been built so far, well below an original target of 1000 built in the first year of the program’s operation.National’s Judith Collins extracted the figure from Housing Minister Phil Twyford…

via Kiwibuild to fall short by 90% in 1st term — Kiwiblog

Want to vet your tenants properly? Privacy Commissioner says Yeah Nah — Whale Oil Beef Hooked | Whaleoil Media

 

The Privacy Commissioner’s office has released a ridiculous list of privacy rules for landlords to apply when they are vetting prospective tenants. I can only wonder if they are going to get around to providing an identical list of questions that cannot be asked of employees, people applying for a bank loans, or a Police…

via Want to vet your tenants properly? Privacy Commissioner says Yeah Nah — Whale Oil Beef Hooked | Whaleoil Media

Face of the day — Whale Oil Beef Hooked | Whaleoil Media

 

Commentators and opponents are increasingly talking about the possibility of Housing Minister Phil Twyford being sacked for his poor performance. a newspaper The post Face of the day appeared first on Whale Oil Beef Hooked | Whaleoil Media.

via Face of the day — Whale Oil Beef Hooked | Whaleoil Media

Government – Construction Sector Accord — Your NZ

Announced by the Government on conjunction with the construction industry today, to try to deal with problems in building and construction: Government and industry sign Construction Sector Accord Government commitments • Better procurement practices and improved pipeline management • Improved building regulatory systems and consenting processes Industry commitments • Enhanced industry leadership, collaboration and organisation […]

via Government – Construction Sector Accord — Your NZ

The data behind CGT — Kiwiblog

Troy Bowker writes: The Tax Working Group (TWG) used an unreliable survey by the Department of Statistics as the basis for its argument that the majority of the proposed capital gains tax (CGT) will be paid by the top 20 per cent of households measured by wealth.Repeatedly, since the final report was published, Sir Michael…

via The data behind CGT — Kiwiblog

Whaleoil transcript: Hosking asks Ardern why KiwiBuild houses aren’t selling — Whale Oil Beef Hooked | Whaleoil Media

 

Newtalk ZB starts at 0.18 *NOTE: Red herrings have been introduced to this transcript with explanations attached that are additional to the original recording. Mike: Couple of quick questions on KiwiBuild. There’s 74 houses that have been built so far. 39 aren’t sold. How come you can’t sell them? Jacinda: Oh, look, for each of…

via Whaleoil transcript: Hosking asks Ardern why KiwiBuild houses aren’t selling — Whale Oil Beef Hooked | Whaleoil Media

The unloved capital gains tax — Whale Oil Beef Hooked | Whaleoil Media

 

Most people now accept that Capital Gains Tax (CGT) will do very little to make housing more affordable. Most people, that is, except Jacinda Ardern. She continually parrots the claim that it will help young people get into the housing market; when all the evidence is that it will not. I’m not sure if she…

via The unloved capital gains tax — Whale Oil Beef Hooked | Whaleoil Media

‘Healthy home’ rental property standards announced — Your NZ

The Government has announced new minimum standards for rental houses. The health aims are laudable, but are the practical or enforceable? And will they result in more people dumping their property investments? This adds to financial disincentives for landlords, which will increase further if a more comprehensive property Capital Gains Tax looks likely as recommended […]

via ‘Healthy home’ rental property standards announced — Your NZ