KiwiFiasco

December 10, 2018

Last month we learned only seven of Wanaka’s KiwiBuild houses sold.

Last week we learned Housing Minister Phil Twyford hadn’t bothered to run his decision to substantially reduce the penalty KiwiBuild rule breakers would face face for flipping homes past the Prime Minister or cabinet.

We also learned five Auckland KiwiBuild houses failed to sell off the ballot and the runners-up didn’t want them either.

Mike Hosking sums it up:

• A housing scheme that doesn’t have enough money put in, in the first place. That’s Treasury’s assessment.

A housing scheme that won’t contribute anywhere near what the Government said it would to the market. That’s from Treasury and the Reserve Bank.

• A housing scheme that isn’t even close to getting people locked out of the market into a home, given the prices.

• A housing scheme in parts of the country that’s actually more expensive than the open market prices already in play.

• A housing scheme that doesn’t actually have any real demand, given they extended the ballot in places like Wanaka.

• A housing scheme with some homes in Auckland now on the open market, due to the fact the people who won the ballot didn’t want the property, and the runners up didn’t either.

• A housing scheme that is unilaterally being fiddled with, with our money, by a bloke whose head is so big it can’t get through a door.

• And now, a housing scheme that because they changed the rules unilaterally, now needs a dedicated team to monitor who is selling their houses for the profit they’re allowed to keep due to the changes of rules, and that team costs upwards of half a million dollars a year.

That was before Saturday when we learned that the chief executive of KiwiBuild, Stephen Barclay, had resigned a month ago, after just five months in the job, but no-one bothered to let the public know.

KiwiBuild is turning into KiwiFiasco.

 

 

 


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