Govt buys hundreds of affordable houses in competition with

Govt buys hundreds of affordable houses in competition with first-home buyers
Newshub
2 hrs ago
© Newshub
Watch Newshub political reporter Jenna Lynch's report.
Newshub can reveal the Government has been buying up hundreds of houses to turn into state homes, directly competing with first-home buyers in our cooked housing market. 
Since 2017, the Government has bought - rather than built - 1054 houses. Analysis by Newshub shows nearly a quarter of them were affordable homes, the type of houses the Government has been giving away free cash to get first-home buyers into. 
"There might be a specific home in a specific community that is required and it does make sense to go and buy it because the house exists," Housing Minister Megan Woods told Newshub. 

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