Party vote

Housing

Housing in NZ is among the least affordable in the world, despite a recent fall in house prices. Pressure is now growing from property investors and homeowners to allow the housing market to heat up again. While all the major parties say more needs to be done to ensure everyone has affordable housing, there are major differences in how they propose to go about it. Should the state take the lead in building more houses, or loosen the rules to encourage private investors?

Housing

Housing in NZ is among the least affordable in the world, despite a recent fall in house prices. Pressure is now growing from property investors and homeowners to allow the housing market to heat up again. While all the major parties say more needs to be done to ensure everyone has affordable housing, there are major differences in how they propose to go about it. Should the state take the lead in building more houses, or loosen the rules to encourage private investors?

Key policiesHousing affordabilityHousing qualityRentingSocial and public housing

  • Introduce a tax on urban residential land

    Require a 100 percent deposit for properties purchased for investment purposes

    Create a $3 billion fund for social housing

  • Introduce tax on foreign house buyers and local buyers with three or more properties

    Restrict land banking

    Relax building material regulations

  • Limit rent increases to three percent or less per year

    Introduce a landlord register

    Build 35,000 new public houses over five years

  • Tax undeveloped land

    Introduce tax on vacant houses

  • Revert the bright-line test for tax on property sales to two years

    Allow interest deductibility on loans for rental properties

    Pay councils for consenting additional houses

  • Introduce a papakainga planning standard

    Continue fund for building and upgrading infrastructure

    Build 6000 more public houses with improved accessibility

  • Abolish the bright line test for tax on property sales

    Replace the Building Act with compulsory building insurance

    Abolish the Progressive Home Ownership Scheme and the First Home Grant

Key policiesHousing affordabilityHousing qualityRentingSocial and public housing

  • Introduce a tax on urban residential land

    Require a 100 percent deposit for properties purchased for investment purposes

    Create a $3 billion fund for social housing

  • Introduce tax on foreign house buyers and local buyers with three or more properties

    Restrict land banking

    Relax building material regulations

  • Limit rent increases to three percent or less per year

    Introduce a landlord register

    Build 35,000 new public houses over five years

  • Tax undeveloped land

    Introduce tax on vacant houses

  • Revert the bright-line test for tax on property sales to two years

    Allow interest deductibility on loans for rental properties

    Pay councils for consenting additional houses

  • Introduce a papakainga planning standard

    Continue fund for building and upgrading infrastructure

    Build 6000 more public houses with improved accessibility

  • Abolish the bright line test for tax on property sales

    Replace the Building Act with compulsory building insurance

    Abolish the Progressive Home Ownership Scheme and the First Home Grant

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