Press Release – ACT New Zealand

ACT New Zealand MP John Banks today welcomed the first draft report by the New Zealand Productivity Commission which concludes that home ownership is unaffordable for many.John Banks Welcomes Productivity Commission’s First Report
Press Release by ACT New Zealand MP Hon John Banks
Friday, December 16 2011

ACT New Zealand MP John Banks today welcomed the first draft report by the New Zealand Productivity Commission which concludes that home ownership is unaffordable for many.

“Home ownership is something my generation, and the generations before me, took for granted. For most young people today, home ownership is now only a dream,” Mr Banks said.

“ACT is glad to have secured National’s support last term for the establishment of the Productivity Commission, which is tasked with improving productivity and therefore the standard of living for all New Zealanders.

“Housing affordability is an issue that must be addressed and the Productivity Commission’s first report has given us much to think about,” concluded Mr Banks.
ENDS

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