Tag Archives: Graeme Wheeler

National and Labour in denial on housing affordability

National’s big election initative on housing was a woeful anti-climax. The offer to top up qualifying first home buyer’s Kiwisaver deposits does nothing to address affordability. Indeed if the First Home Buyer subsidies of Australia and Britain are any indication it will drive affordability further out of reach as rising prices more than outweigh slightly larger […]

Greed is not good – now what are we going to do about it?

If Reserve Bank of New Zealand governor Graeme Wheeler believes what he said to Brian Fallow at the Herald, that in the financial sector; “The compensation levels are outrageous in many cases for the added value truly generated.” The Occupy Wall St movement had a lot of powerful points to make. “But they didn’t have a […]

Housing Crisis? Affordability Crisis more like

The “Housing Crisis” is somewhat of a misnomer. What New Zealand, and Auckland in particular has is not a shortage of dwellings but a lack of affordable housing, and two main political parties dead set on keeping it that way. For all their talk, Labour does not want to see any price correction for existing […]