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91 days ago

Poll: Do you think the idea will work?

Libby Totton Reporter from Waikato Times

The Government will today unveil a radical new plan to underwrite construction of new private houses, as high interest rates and an economic downturn make it tough for developers to get finance for new projects.

The new time-limited scheme is designed to de-risk developments, making finance easier to obtain for developers to start building. Developers often have to pre-sell a proportion of dwellings in any development in order to secure finance, which has become much more difficult in the current economic downturn.

Do you think the idea will work? Tell us your reasons in the comments (adding NFP if you don't want your words used in print).

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Do you think the idea will work?
  • 30.4% Yes
    30.4% Complete
  • 23.9% Not sure
    23.9% Complete
  • 45.7% No
    45.7% Complete
46 votes
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