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Government buys hundreds of houses in direct competition with first-home buyers

Newshub analysed the purchase price of every state home Kainga Ora bought since 2017, rather than built, in that time period.
We checked them against the price caps for the first-home buyer grant - the free money the Government gives to try and get people into their first home.
The analysis found that in 2018, Kainga Ora bought 55 starter homes under the first-home grant caps. It bought a further 117 in 2019, 72 in 2020 and another 10 this year. It s a total of 254, meaning nearly a quarter of the homes it s buying rather than building are affordable homes.
The Government likes to demonise property investors for outbidding first-home buyers. It turns out the Government is one of the biggest property investors of them all, says National s housing spokesperson Nicola Willis. ....

North Island , New Zealand General , New Zealand , Megan Woods , Harcourts Merivale , Nicola Willis , Minister Megan Woods , Kainga Ora , Housing Minister , Jamin Marshall , வடக்கு தீவு , புதியது ஜீலாந்து ஜநரல் , புதியது ஜீலாந்து , மேகன் வூட்ஸ் , நிகோலா வில்லிஸ் , அமைச்சர் மேகன் வூட்ஸ் , வீட்டுவசதி அமைச்சர் , ஜமீன் மார்ஷல் ,

Govt buys hundreds of affordable houses in competition with first-home buyers

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. ....

North Island , New Zealand General , New Zealand , Megan Woods , Harcourts Merivale , Jenna Lynch , Nicola Willis , Watch Newshub , Newshub Watch , Minister Megan Woods , Kainga Ora , Housing Minister , Jamin Marshall , வடக்கு தீவு , புதியது ஜீலாந்து ஜநரல் , புதியது ஜீலாந்து , மேகன் வூட்ஸ் , ஜென்னா லிஞ்ச் , நிகோலா வில்லிஸ் , அமைச்சர் மேகன் வூட்ஸ் , வீட்டுவசதி அமைச்சர் , ஜமீன் மார்ஷல் ,