Property

Cathy Casey: Communities built on good housing

The Auckland City Council has had a long and proud involvement in housing since the early 1900s. It was only three years ago, that the John Banks-led Citizen & Ratepayer Now council ended that involvement by selling the city's pensioner and residential housing portfolio.

Sunday, February 20th 2005

In so doing, it became the only council in the Auckland region without a stock of housing. Now, it is one of only a handful of local authorities to have opted out of this important civic responsibility.

Local government is the country's largest not-for-profit provider of rental housing after Housing New Zealand. Wellington and Christchurch provide housing for more than 5000 households.

Why does the Auckland City Council want to provide affordable housing? The simple fact is that there is a vast shortage of it in Auckland. "Affordable" means people have access to suitable housing that costs less than 30 per cent of their gross income.

It is estimated that 23,000 (6 per cent) of households in the region are paying more.

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Heartland Bank - Online	6.69
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50