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: Should drivers retake the theory test every 10 years?
Drivers get where they need to go, but sometimes it seems that we are all abiding by different road rules (for example, the varying ways drivers indicate around a roundabout).
Do you think drivers should be required to take a quick driving theory test every 10 years?
Vote in the poll and share any road rules that you've seen bent! 😱
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48.8% Yes
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49.3% No
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1.9% Other - I'll share below
Here's Wednesday's whodunit!
I am heavy forward, but backward, I’m not. What am I?
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Poll: Hi Neighbours, what’s the most important factor for you when visiting a Beds4U store?
We’d love to hear from you! What’s the most important factor for you when visiting a Beds4U store? Is it our friendly customer service, the quality of our products, the variety of options, or perhaps the in-store experience? Your feedback helps us continue to improve and provide you with the best shopping experience possible. Looking forward to your thoughts!
Thank you!
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0% Customer service
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0% Product range and quality
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0% Store ambiance and cleanliness
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0% Convenient location
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