Editorial: Lack of moves on housing disappointing

  • This is not a Government that often springs surprises, for which we should be grateful most of the time. But a Budget always brings hope of a new answer to the country’s most pressing problem. Right now that problem is rampant housing speculation, sending home-ownership ever further out of reach of New Zealanders on average incomes. Bill English was halfway through his Budget presentation yesterday before he uttered the word housing. Then it was to repeat the mantra that the main problem is one of supply and to announce the Government was putting an additional $100 million into housing developments on surplus crown land in Auckland. It would also soon issue a national directive to local councils to allow more housing where necessary and measure its impact on houses prices.

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Finance Minister Bill English, with Prime Minister John Key, walking to the House to deliver his Budget 2016 speech. Photo / Mark Mitchell

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