50 days ago

Housing MInister Chris Bishop sets 'long-term' price target of three to five times household incomes

Markus from Green Bay

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.

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Minimalist Design in Apartment Living

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Ryman’s Charles Upham Retirement Village resident Di is a former fashion designer, artist and self-confessed shoe hoarder who travels, still paints and has stamped her eclectic minimalist style on her apartment.

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2 hours ago

Hi, what's your name?

The Team from Neighbourly.co.nz

We want to get to know our neighbours and we think you do too!

Simply share a little about yourself on the Know Thy Neighbour page and others will follow suit (you could also win one of our 10 x $50 Prezzy® cards!).

Are you the go-to person for baking advice (and a cup of sugar!) or have some computer skills that you're happy to share? We'd love to know.

Whether you're looking for others to join you on your walks, or just wanting to know more about your neighbours, go ahead and introduce yourself.
Get Involved

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14 hours ago

Poll: How much is your monthly BROADBAND bill?

The Team from NZ Compare

Internet is something we need these days for work, study, keeping in touch with loved ones or just to watch a movie! It's another bill to manage right?!

With the cost of living rising, how much your broadband bill is setting you back each month?

Let's help each other SAVE money!

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How much is your monthly BROADBAND bill?
  • 21.6% Under $70
    21.6% Complete
  • 19% $70-$80
    19% Complete
  • 20.1% $80-$90
    20.1% Complete
  • 39.3% Over $90
    39.3% Complete
389 votes