Auckland house prices – the good ol’ days ’05

Home ownership rates have been crashing since the 1990’s. Auckland house prices have been classed as “seriously unaffordable” since 2006 or earlier. The answer is to make sure that houses are no longer considered a financial asset for capital gains.

NRT: This is wrong

“Auckland’s median house price rising a record 26 per cent to $755,000 over the past year..”. This is what a bubble looks like: when your house “earns” a top-end salary just by existing. And its a perfect example of why we need a capital gains tax.

Twyford Responds

Labour’s Housing Spokesperson Phil Twyford responds to accusations of racism and points to the way forward. The Labour Party will limit foreign speculation, build affordable houses and replenish the State Housing stock.

Fuck you Auckland!

That’s the Nats’ message to Auckland, who are getting a taste of some Canterbury style “democracy”.

Geddis on Auckland housing land

Yesterday we covered National’s blunder in not considering Treaty settlement obligations in its plans to free up state land for Auckland housing. Today you can read someone who actually knows what they’re talking about on the issue, check out Professor Geddis’ piece at Pundit.

Auckland land shambles

The problems for National’s housing plans for keep coming, with Ngati Whatua pointing out that it has first call on the land to be “freed up” under treaty agreements.

Housing and capital gains tax

This week the Reserve Bank recommended adopting the Labour / Green capital gains tax, the National party denied and dithered, and Don Brash explained the truth about the property bubble.

(Image credit Foxy.)

Skypath

Generation Zero encourages you to make a submission on the Skypath. All those in favour – say so!

SkyCity’s expected subvention explained for John Roughan

At last, some of our conservative short-term thinkers have woken up to the elephant in the room with the SkyCity convention centre subvention. Years late and their previous support has cost taxpayers dearly already. Perhaps they could learn to read reports? And think before committing us to be suckers?

Oh dear – National’s “white elephant” is still growing?

Public transport traffic in Auckland keeps growing by large 7.7% per year. Car traffic despite all of the motorway and roading improvements grew by just 2.3% in the whole period of 2006 and 2013 amongst commuters. But our current idiotic National transport minister wants  more roads? And won’t let Aucklanders decide what they should do despite them voting with their AT Hop cards.

Auckland power outages

Well the power just went out at work at 1315. Looks like the Auckland is getting the rolling outages as they repair the […]

Nats sign up for KiwiBuild?

KiwiBuild has already been a success, scaring the Nats in to producing, in conjunction with Len Brown’s Auckland, a more significant housing policy. The “Unitary Plan” is woefully short on detail, but it concedes that KiwiBuild’s target of 10,000 new homes a year is easily achievable (I guess it’s only impossible when Labour propose it).

Shitcast

Auckland City Council is developing a computational model of the predicted sewage-related pollution at its beaches. A forecast for sewage, a Shitcast if you will. I’m not protesting the idea of forecasting pollution. I’m protesting the sad fact that it is necessary in “100% Pure” NZ. I think John Key needs to find himself some different advisors to tell him it isn’t so.

The Auckland property market

The Auckland property market is back through the roof again, as well covered in The Herald this weekend. Labour’s solution is to build more houses. National’s “solution” is to complain about Labour’s solution.

Cost of the Ports of Auckland fiasco

Apparently the Auckland Council doesn’t know how much the POAL fiasco is costing. Rough estimates suggest that the cost is at least $400,000 a day, probably significantly more.  No wonder the Council doesn’t want to know.