PHOTO: Brooke van Velden lost out on a home due to house prices rising before development closed. Source: 1 NEWS
ACT’s 27-year-old deputy leader Brooke van Velden has detailed her struggle to get into the housing market, as David Seymour outlined his party’s new housing policy in Tauranga today.
Van Velden says she lost out on a home due to house prices rising before development closed.
“A few years ago, I saved up money and thought I did OK, and went out to the market to see what I could afford to buy.
“I ended up getting a house in Tawa, unfortunately by the time it came for the development to close house prices in the area had gone up by $100,000 which meant it was in the developers best interest to cancel the agreement and out it back onto market where they could make millions more out of all the homes.
“The problem really is that land price is just too high,” she told media.
The inability of young people to get on the property ladder led to societal problems, van Velden said.
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