$360 million better spent on fidget spinners

BY David Seymour at 29 May, 2017

The Government shouldn’t require advice from officials to realise pumping $360 million of taxpayer money a year into the rental market will drive up prices, says ACT Leader David Seymour.

“It’s just basic economics. Without a corresponding increase in supply, increasing subsidies just gives renters the chance to bid up prices even higher.

Accommodation supplement is fuel on the housing fire

BY David Seymour at 25 May, 2017

The other big handout in this budget is the accommodation supplement, with Steven Joyce announcing he will throw over a billion dollars in taxpayer money every year at the already overheated housing market.

It’s a perfect example of Politicians creating problems through bad policy, assuming the role of hero to fix things, and then making them worse.

Only ACT confronts the massive scale of our housing shortage

BY David Seymour at 17 May, 2017

“Both National and Labour are distracted with plans to make the government build houses, but government projects can only address a tiny portion of New Zealand’s housing shortage,” says ACT Leader David Seymour.

“National’s magic number is 34,000 houses. Labour’s magic number is 100,000. These numbers are peanuts. ACT says we need 500,000 more houses – that’s how many we’d have if we had continued building at the same rate we did from the ‘40s to the ‘70s.

National need to think bigger than Labour-lite

BY David Seymour at 16 May, 2017

National needs to do more than just adopt tunnel-vision Labour policies, says ACT Leader David Seymour.

“If the goal is to close the housing shortfall, this is a step in the right direction, but it won’t be enough. The proposal will add 25,000 homes when what we need is another 500,000.

“We can only achieve this by fixing the underlying problem: that regulations and infrastructure pressures prevent private developers from building homes.

“The Government

Highlights from the House – 15/05/2017

BY ACT at 15 May, 2017

Another two week Parliamentary sitting period (2 May – 11 May) is over, so here’s an update from ACT’s Wellington office.