State house sales to Australia proves unpopular

  • 08/08/2015
Finance Minister Bill English (File)
Finance Minister Bill English (File)

The possibility of New Zealand selling state-owned houses to an Australian company is a political hot potato, according to a poll.

In June Finance Minister Bill English revealed Australian not-for-profit Horizon Housing is interested in buying as many as 500 state-owned houses in New Zealand.

The Nation released results of a Reid Research poll today showing 75 percent of people are against the idea and 21 percent are in favour.

Also, 60 percent of National Party voters are against the idea.

Mr English has said that Horizon would have to meet criteria but "we're interested in doing business with them".

The Government announced in January that it's looking at selling between 1000 and 2000 houses to community housing providers this year, and up to 6000 by 2017.

Horizon Housing is a registered Australian company limited by shares, and has 11 not-for-profit and industry shareholders who elect nine voluntary directors, according to its website.

Since 2007, chief executive Jason Cubit has grown the not-for-profit company into Queensland's largest community housing provider and one of the top five in Australia.

NZN