PHOTO:. Photo: RNZ / Dan Cook
Prime Minister Jacinda Ardern has mapped out a timeline for when the public can expect new announcements from the government on housing.
She has pushed back at criticism that Labour is bereft of ideas after today unveiling the planned locations of new state homes which had been announced last year.
The governing party has come under serious pressure in recent months to calm the runaway property market with rents and house prices reaching record highs.
Speaking in Nelson, Ardern acknowledged that the rate of price growth was unsustainable.
“There is no silver bullet to fix the housing crisis,” Ardern said.
“But that is not a reason for inaction. It’s a reason to tackle this issue on multiple fronts and on an ongoing basis.”
By late February, Finance Minister Grant Robertson would announce initiatives to cool the property market and “tilt the balance toward first homebuyers”, she said.
“We’ll leave no stones unturned.”
High-level announcements would be made about the Resource Management Act with draft legislation outlining major reform released in May.
The May Budget would also contain further measures, Ardern said.
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