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.
Share your New Zealand music memories...
It's NZ Music Month and New Zealand really has some beautiful songs from artists that we call our own.
Whether it's April Sun in Cuba, Don't Forget your Roots, or How Bizarre or Bic Runga's 'Sway' - songs have a way of unlocking memories and evoking old feelings.
In honour of NZ Music Month, share a New Zealand song or artist that is special to you and explain why.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
Homicide in Ponsonby
A homicide investigation is under way following the death of a man in Ponsonby on Sunday evening.
Detective Senior Sergeant Craig Bolton, Auckland City CIB, says emergency services responded to reports of a firearm being discharged outside an address on Ponsonby Road around 10.18pm last night.
“Upon arrival, a man was located deceased.
“Our investigation is now in the early stages to determine the full circumstances of what has occurred.”
Detective Senior Sergeant Bolton says the community can expect to see an increased Police presence in the Ponsonby area today.
“Road closures are currently in place on Ponsonby Road between Franklin and Richmond Roads and Police are assisting with traffic management.
“A scene guard has also been established and will remain in place today while our enquiries continue,” he says.
Enquiries to locate the person believed to be responsible remain ongoing.
“Police have been in the area overnight speaking to a number of witnesses who were in the vicinity at the time of the incident,” Detective Senior Sergeant Bolton says.
“While at this stage, no arrests have been made, Police are following lines of enquiry.”
A post-mortem examination and formal identification of the victim will be carried out over the coming days.
Police encourage anyone else who was in the area or has information to assist who have not yet spoken to us to please get in touch.
You can contact Police via our 105 phone service or online at www.police.govt.nz....
Please reference file number 240506/9353.
Information can also be provided anonymously via Crime Stoppers on 0800 555 111.
Caring For You Like Family
91-year-old Dora is a rest home resident at Ryman.
Between family gatherings, bus trips and village activities, she certainly enjoys a full life. With the many friendships she’s made, the caregivers and village staff have become an extension of her family.
Hear about Dora’s experience living in a Ryman community.
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