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17 May 2021 7:14
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  •   Home > News > Politics

    Taxpayer spending on housing support is a big ticket that's only going to get even bigger in the years ahead

    Taxpayer spending on housing support is a big ticket that's only going to get even bigger in the years ahead


    The Government is now spending a billion dollars on housing every three months.

    Bagrie Economics founder Cameron Bagrie says at the current rate, the figure is likely to jump to around five billion a year by 2025.

    He says this will no doubt hurt future generations - but the issue is certainly not new, and highlights the severity of the housing crisis.

    © 2021 Newstalk ZB, NZCity


     Other Politics News
     16 May: The Government's attempts to cool the housing market may have pushed up building prices
     15 May: Work is underway to establish the next steps of The Christchurch Call
     15 May: Gains to be made following changes to the default Kiwisaver scheme
     14 May: Criticism of the government's use of My Food Bag for beneficiaries and food banks
     14 May: Calls for student accommodation to fall under the Residential Tenancies Act
     14 May: The Trade Minister is confident a trade deal will get across the line with the European Union
     13 May: The Government's being told to rethink proposed housing investment changes
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     Today's News

    Law and Order:
    A woman is expected to appear in the Christchurch District Court today, in relation to four robberies at retail premises 6:27

    Health & Safety:
    Anyone who may have Covid-19 symptoms in Wellington is being urged to get tested 5:27

    Rugby:
    Blues assistant coach Tom Coventry's dismissing the perceived gap between New Zealand and Australian teams in Super Rugby trans-Tasman 5:27

    Accident and Emergency:
    The Police Dive Squad will continue the search for a missing diver this morning off the Hawke's Bay coast at Mahia 5:07

    International:
    41 children and 23 women have now died since the current wave of Israeli airstrikes on Gaza City began a week ago 22:37

    Rugby League:
    A valiant Warriors comeback has fallen short in their NRL match against the Parramatta Eels in Brisbane 18:57

    Business:
    240 years after the first Debenhams store began trading in the UK, the last 28 stores are closing their doors this weekend 18:37

    Technology:
    Aeronautical company SpaceX has launched its Falcon 9 recyclable rocket into space from Cape Canaveral in Florida, with a new batch of 52 satellites for its Starlink internet network 18:07

    Accident and Emergency:
    An infant has been injured in a head-on crash in Queenstown 17:27

    Cricket:
    Ploughing his way through quarantine, Black Caps quick Lockie Ferguson is pleased to be back in New Zealand 16:17


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