4 Sep 2019

KiwiBuild reset: 'We didn't make all the right decisions' - Housing Minister

From Checkpoint, 6:29 pm on 4 September 2019

The government's unveiled its 'reno' job on Labour's flagship KiwiBuild policy.

The target to build a 100,000 houses in the next decade is gone. Instead the government will build as many houses as it can as fast as it can.

$400 million from the KiwiBuild budget will be diverted to a progressive home ownership scheme like shared equity. The deposit needed for a government-backed mortgage will fall from 10 to 5 percent.

The asset test for second time round buyers has been scrapped altogether.

And there's now no limit on the number of HomeStart grants buyers can access as long as they all live in the house.

Lisa Owen asks Housing Minister Megan Woods what is wrong with having the target.