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.
Poll: When should the tree go up? 🎄
From what we've heard, some Christmas trees are already being assembled and decorated.
What are your thoughts on the best time to get your Christmas tree up?
-
4.7% Second half of November
-
43.6% 1st December
-
17.4% A week before Christmas
-
33.2% Whenever you wish
-
1.1% Other - I'll share below
What's your favourite tomato recipe?
Kia ora neighbours. We know your tomato plants are still growing, but we're looking ahead to the harvest already! If you've got a family recipe for tomatoes, we'd love to see it and maybe publish it in our magazine to share with our readers. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our February 2025 issue.
I am looking for someone who wants to renovate or refresh their kitchen
Makeover your kitchen the easy way!
Dear group,
I hope you are all doing well! I posted a few days ago and I wanted to check again to see if anyone is interested in refreshing their kitchen without removing any furniture or appliances.
I am offering to renovate the kitchen with high-quality vinyl wrap. Which costs about $100 per meter. You only pay for the materials. I would be happy to receive a small credit for my work at the end. This way we can work together to find a cost-effective solution that will make your kitchen look fresh and modern.
If you are interested or have any questions, it would be great if you could send me pictures of your kitchen cabinets. This way I can better estimate how much material we will need and give you a more accurate cost estimate.
I am still gaining experience in this area and hope that with your help I can continue to improve my skills. I look forward to your feedback and to creating something great together!
Loading…
