Politics 🗳️ NZ Politics

[miket12]

What do you imagine would have happened if the min wage was still fixed $15.75, would it have been deflationary? Would property values and rents have stayed at 2017 levels?

What's interesting in our neighbourhood, historically, houses have doubled in value every ten-twelve years.... but, since 2017, they've risen less than 35%. Unless there's going to be a massive jump in values over the next 3-5 years, that doubling certainly won't be happening.

Also, rents have doubled around every 15-18 years historically, but, again since 2017, they've only risen less than 15%.... at the current rate, it would take over 40 years for them to double.

That's why the talk of a housing crisis has moved away from housing affordability (the housing affordability index was just under 10 in 2023 to just over 6 now) and rents to homelessness and social housing.

NZ has gone from the fourth least affordable housing market in the OECD (4th out of 37 countries) in 2023 to the 35th out of 37th.... a fact ignored by most commentators on the left.

 

[Mr Drag]

What's interesting in our neighbourhood, historically, houses have doubled in value every ten-twelve years.... but, since 2017, they've risen less than 35%. Unless there's going to be a massive jump in values over the next 3-5 years, that doubling certainly won't be happening.

Also, rents have doubled around every 15-18 years historically, but, again since 2017, they've only risen less than 15%.... at the current rate, it would take over 40 years for them to double.

That's why the talk of a housing crisis has moved away from housing affordability (the housing affordability index was just under 10 in 2023 to just over 6 now) and rents to homelessness and social housing.

NZ has gone from the fourth least affordable housing market in the OECD (4th out of 37 countries) in 2023 to the 35th out of 37th.... a fact ignored by most commentators on the left.

Now your just going to get wizard all excited!

 

[Mr Drag]

Turns out ignoring climate change is damaging in more ways than one

Officials warn of damage to diplomatic relations in secret climate change memo

The advice was mistakenly released by the Ministry for the Environment.

www.rnz.co.nz

China was the clever one and we just went broke!

 

[MaybeTop8]

What's interesting in our neighbourhood, historically, houses have doubled in value every ten-twelve years.... but, since 2017, they've risen less than 35%. Unless there's going to be a massive jump in values over the next 3-5 years, that doubling certainly won't be happening.

Also, rents have doubled around every 15-18 years historically, but, again since 2017, they've only risen less than 15%.... at the current rate, it would take over 40 years for them to double.

That's why the talk of a housing crisis has moved away from housing affordability (the housing affordability index was just under 10 in 2023 to just over 6 now) and rents to homelessness and social housing.

NZ has gone from the fourth least affordable housing market in the OECD (4th out of 37 countries) in 2023 to the 35th out of 37th.... a fact ignored by most commentators on the left.

Any citations to look at Mike?

 

[miket12]

Any citations to look at Mike?

Only personal ones from three properties we've owned in Goodwood Heights.... the change in rent is based on our rental property.

The current median NZ house value (June 2025) was from this site...
opespartners.co.nz/property-markets

The current median household annual income was from....
stats.govt.nz/information-releases/household-income-and-housing-cost-statistics-year-ended-june-2024


The 2023 median NZ house value was from....
oneroof.c.nz/news/oneroof-house-price-report-december-2023-44717


The 2023 median household annual income was from....
figure.nz/chart/m7ATLWsKNY6MYKQI

The chart below summarises the information obtained from the four sites above...



Copilot used the information from the worldpopulationreview.com/country-rankings/affordable-housing-by country website to show how NZ's affordability of 6.3 (from chart above) rates with other OECD countries in the current year (note.... their figure for NZ doesn't match the figures according to stats nz and figure.nz moving NZ from 25th to 35th). Even if you want to use the WPR figures, to go from having the 4th highest affordability index in the OECD to the 25th is still pretty impressive.

Housing affordability 2023 from WPR....



Housing affordability 2025 from copilot using figures from the WPR site....

 

[MaybeTop8]

I agree wholeheartedly with this comment. Note that the article refers to three waters continuously when it is in fact talking about the current coalition government context

The Press

www.thepress.co.nz

 

[miket12]

Any citations to look at Mike?

Going a bit deeper in the figures, Barfoot and Thompson's figures, comparing 2017 to 2025, show that rent for in Goodwood Heights, South Auckland, has gone up 24% while the median house values from sales in the suburb have gone up 27%. While those percentages are different from the one's I've stated, it still shows a huge gap between historical increases and the ones since 2017.

Suburb Report | Barfoot & Thompson

Suburb Report

www.barfoot.co.nz

Auckland suburb report July 2025 | Barfoot & Thompson

Auckland suburb property prices. Average house prices, weekly rent and gross yield for three-bedroom properties across Auckland in July 2025.

www.barfoot.co.nz

 

[miket12]

I agree wholeheartedly with this comment. Note that the article refers to three waters continuously when it is in fact talking about the current coalition government context

View attachment 14235

The Press

www.thepress.co.nz

It will be interesting to see if changes are made in the future to allow for the privatisation of water supply. Under the Local Government (Water Services) Bill, councils can contract out the water services to private entities, but the ownership of the assets would remain in council hands.

 

[wizard of Tauranga]

I agree wholeheartedly with this comment. Note that the article refers to three waters continuously when it is in fact talking about the current coalition government context

View attachment 14235

The Press

www.thepress.co.nz

Face it, Labour stuffed it up and the public rejected it.

There was no problem being solved (transferring out of council control) and there is no risk of privatisation under council control.

Ideological disaster which has failed everywhere else in the word.

 

[John Nick]

Going a bit deeper in the figures, Barfoot and Thompson's figures, comparing 2017 to 2025, show that rent for in Goodwood Heights, South Auckland, has gone up 24% while the median house values from sales in the suburb have gone up 27%. While those percentages are different from the one's I've stated, it still shows a huge gap between historical increases and the ones since 2017.

Suburb Report | Barfoot & Thompson

Suburb Report

www.barfoot.co.nz

Auckland suburb report July 2025 | Barfoot & Thompson

Auckland suburb property prices. Average house prices, weekly rent and gross yield for three-bedroom properties across Auckland in July 2025.

www.barfoot.co.nz

Please remember that Peter Thompson from Barfoot & Thomson predicted that if covid was to hit NZ the arse would fall out of the housing market

 

[defensivebomb]

Three Waters failed because it was a dog.

It was going to transfer the control of assets from the owners to an unelected group that wasn''t answerable to the owners.

Imagine if you owned a car and the government said you'll still own and use it, but the neighbour will hold the keys from now on, and has the final say on how you drive it?

It would have been the same result if the governing body of Three Waters was made up of church elders, or scout leaders, or eskimos. The group was unelected and the electorate had no recourse - regarding an asset it owns.

The policy failed because Labour underestimated the intelligence of the electorate. The electorate was tired of being gaslit. Three Waters was Labour pulling a swifty, and it got caught out. Do you think that after voting Labour in in 2020, those same people became racist by the next election? Of course not. Blaming the failure of a policy on racism just shows the ignorance of those pushing the policy. They didn't have the grace or EQ to stop and think "hmmm.... maybe the problem is with the policy?" Of course not. They thought the policy was perfect and. the electorate was a bunch of racists

If Labour goes into the next election believing that the only reason people support National is because they are racist, they will lose again.

 

[Worried2Death]

Please remember that Peter Thompson from Barfoot & Thomson predicted that if covid was to hit NZ the arse would fall out of the housing market

Peter Thompson, Peter Thiel, Peter Williams, I don't trust any of them. And I still don't know who Peter Puffer is, some old leaguey from the 70s was he.

 

[juju]

Three Waters failed because it was a dog.

It was going to transfer the control of assets from the owners to an unelected group that wasn''t answerable to the owners.

Imagine if you owned a car and the government said you'll still own and use it, but the neighbour will hold the keys from now on, and has the final say on how you drive it?

It would have been the same result if the governing body of Three Waters was made up of church elders, or scout leaders, or eskimos. The group was unelected and the electorate had no recourse - regarding an asset it owns.

The policy failed because Labour underestimated the intelligence of the electorate. The electorate was tired of being gaslit. Three Waters was Labour pulling a swifty, and it got caught out. Do you think that after voting Labour in in 2020, those same people became racist by the next election? Of course not. Blaming the failure of a policy on racism just shows the ignorance of those pushing the policy. They didn't have the grace or EQ to stop and think "hmmm.... maybe the problem is with the policy?" Of course not. They thought the policy was perfect and. the electorate was a bunch of racists

If Labour goes into the next election believing that the only reason people support National is because they are racist, they will lose again.

Undoubtedly there was a rich vein of anti māori dog whistling in the campaign against Three Waters.

Co governance limits the possibility privatisation - which is why Act and their lobby groups campaigned they way they did & in such bad faith.

This same vein that has continued with this government in power... reversing place names, changing the passport, Removing Reo place names, removing Te Reo from school books.

Not only that the Government campaigned they could do water reform cheaper... which they have now back tracked on - so pretty disingenuous all round.

 

[juju]

Three Waters failed because it was a dog.

It was going to transfer the control of assets from the owners to an unelected group that wasn''t answerable to the owners.

Imagine if you owned a car and the government said you'll still own and use it, but the neighbour will hold the keys from now on, and has the final say on how you drive it?

It would have been the same result if the governing body of Three Waters was made up of church elders, or scout leaders, or eskimos. The group was unelected and the electorate had no recourse - regarding an asset it owns.

The policy failed because Labour underestimated the intelligence of the electorate. The electorate was tired of being gaslit. Three Waters was Labour pulling a swifty, and it got caught out. Do you think that after voting Labour in in 2020, those same people became racist by the next election? Of course not. Blaming the failure of a policy on racism just shows the ignorance of those pushing the policy. They didn't have the grace or EQ to stop and think "hmmm.... maybe the problem is with the policy?" Of course not. They thought the policy was perfect and. the electorate was a bunch of racists

If Labour goes into the next election believing that the only reason people support National is because they are racist, they will lose again.

The more I ready this post - The more ridiculous your little analogy is. To not mentioned the commitments made in the Treaty while mentioning church elders, scout leader or eskimos is really really poor. Honestly do better.

The policy didnt fail - Labour lost the election.
Perhaps Labour failed to explain three waters properly - but that was in the face of some disingenuous lobbying & anti māori dog whistling that has continued since.