Housing MInister Chris Bishop sets 'long-term' price target of three to five times household incomes
I VERY much doubt the economic competence of the new government. First Seymour wants to move massive amounts of money from poor to rich, now Bishop lives in cloud kuckoo land. Median income is $66,200 per year in 2023, so 50% earn less, 50% more (sometimes MUCH more). 3-5 times of that is $200,000-330,000. Even if they decide to give the land away for free you can’t build a house for that. And Bishop MUST know that. If they assume two full earners (aka the better off ones) it’s $400,000-660,000 for a house (including land) - which developer can provide that? So the government would need to build the houses - massively subsidised by the tax payer … which they don’t want to do.
So HOW can Bishop spout such nonsense???
From mortgages.co.nz...
In October 2023, BNZ published a report comparing New Zealand’s median section price, plus consented new-build cost, with the median price for an existing home each year. Using these median values, it has nearly always been more expensive to build, except for 2021-2022 when existing house prices rose sharply before falling again. As median building costs continued to rise into 2023 and 2024, building became significantly more expensive than buying an existing home.
Poll: Do you set New Year’s resolutions?
🎉 2026 is almost here!
We’re curious ... how do you welcome it?
Do you set resolutions, follow special traditions, or just go with the flow?
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9.9% Yes! New Year, New Me
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19.3% Yes - but I rarely stick to them
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70.7% Nah - not for me
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
Amazingly quiet night in Green Bay
All the Best for the New Year! The last few years they started banging days earlier already, but this year it was amazingly quiet. Now either people suddenly got smart and care about animals and the environment (which I don’t believe for a second) or it’s the clearest sign of the Cost of Living Crisis we are in. I’m just glad I can make a damn fine bread for under a dollar.
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