Government confirms First Home Grants to be scrapped | 22 May 2024 | RNZ

Keeping people in state housing and renting for the rest of the lives, stuck in the poverty trap.

So 3 billion a year for landlords, but no money for first home buyers

This has been six months in a leaky boat. So 5k on average isn’t meaningful to help with your first home but $2.50 to $20 a week in tax cuts is? It’s not the right thing and he knows it

if the government cared about the housing problem , they would remove all tax from the people earning less than 30k , that would cheap compered to the hand out to land lords

The squeezed middle don’t need homes anymore.

No tough decisions for landlords thou Mr Bishop. In the best interests of New Zealanders Mr Bishop? Which New Zealanders? I can only see the wealthy gaining so far

In 2024 there are about 25,000 families on the waiting list for social housing and about 3,000 families in emergency housing (This is 28,000 families or roughly 60,000 people). Funding for 1,500 places (people) is a drop in the bucket. "Elected to do the right thing"" - yeah right, here landlords have $3bn in tax cuts. It was not the right thing to do to remove interest deductibility. The NZ tax system is heavily biased towards property investment. It does nothing to increase housing supply either. Providing 30 years zoned land does nothing to address the immediate issue of the massive shortfall of both social and standard housing supply. NZ doesnt have a fiscal problem as mentioned. A comprehensive capital gains tax, inheritance tax, gift tax and shifting the age of eligibility for super for those able to work are all viable policies.

So...keep as many people as you can renting...wish I was a landlord right now....

i have never seen the government be so active , my guess even more people are leavening the country , the land lords are looking like being to big to fail

screw it then. il just quit my job. jump on winz and jump on the list. thanks a lot champ.

Reprioritise that money for politicians wage increase! 😅😅

Thats a loss of 10k off my house deposit for our first home. We didn't vote for this government. It puts us back by years not months. How much do you think we can save in this current environment.

Thanks RNZ. more headlines pls, people will listen to your news if it's on YouTube.

1500 / 25000 = only 6% of needed social housing places. I missed something didn’t I…

Great, let's reward those who contribute nothing (disabled people exempt) at the expense of those who do all the contributing. This came completely out of 'left' field. What a smack in the face to the people who make this economy function in the first place

YOU WANT WAR!!! YOU GOT IT!!!

When will the next review of the plan be? And will there be audits done to make sure the community housing are producing a good outcome for the money they get.:goat-turquoise-white-horns:

These grants were usually under the median house price and not many people were getting them anyway

Its a big ongoing cost to taxpayers And the cost will only get bidder over the years. If home builds and home ownership for low income working family's are not on the books:goat-turquoise-white-horns:

Is this an example of privatization. Labour should stayed away from this as well. State houses are government assets to be controlled the government agency.