Opinion: Million-dollar indictment on housing

Opinion: Million-dollar indictment on housing
Opinion: Million-dollar indictment on housing

 

It's official: ​Nick Smith is now the 'Million-Dollar Minister'.​

He is the Housing Minister in the Government under which you need a million bucks to buy the average house in our biggest city.

The average house price in Auckland is now $1,013,632.

There is a hell of lot of hot air talked about the housing market - a real blame game.

But let's just look at some facts.

In November 2008, the year National came to power, the average house in Auckland was $501,939.

When Nick Smith took over as Housing Minister in January 2013 it was $607,439.

And now it $1,013,632.

I won't muck around here, because New Zealanders aren't thick - there's no real need for political analysis.

Kiwis know what a million bucks means - it's a lot of cash.

A million dollars is a sad symbol. 

It is a stain on this Government's housing record.

It is an indictment - a million-dollar indictment.

Newshub.

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