Opinion: Million-dollar indictment on housing

AUCKLAND, NEW ZEALAND - JUNE 13:  Dr Nick Smith, the Minister for Building and Housing announces the decision by the Hobsonville Land Company to bring forward the development of 1000 new homes at Hobsonville Point on June 13, 2015 in Auckland, New Zealand. These homes would not have been available until 2019 on the previous schedule, but will now help address Aucklands urgent housing need.  (Photo by Phil Walter/Getty Images)
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.