PHOTO: SUPPLIED Controversy evolved from the sale of 10 Kiwibuild houses in Wanaka which failed to fully sell out.
It’s been suggested the Government might be better off using some of its KiwiBuild houses for social housing and rentals, as its opponents ramp up criticism of the building programme.
Economist Shamubeel Eaqub says the number of first home buyers who could afford to buy one of the 100,000 houses that KiwiBuild hopes to build over a decade, were slim.
“You have to have the deposit and you have to have the income to repay the mortgage. We knew this was always going to be a problem, particularly in the expensive areas.”
READ MORE VIA STUFF
adsense