Property

Housing minister resigns

Housing and Fisheries Minister Phil Heatley has resigned his portfolios as a result of further discrepancies over his ministerial credit card spending.

Thursday, February 25th 2010

Heatley told a press conference in Wellington he had charged two bottles of wine as ‘food and beverages' when no food was involved. He has also asked the Auditor-General to investigate his expenses. He will stay on as the member for Whangarei.

Prime Minister John Key cut short a trip to Christchurch and will be holding a press conference this afternoon. This week, Heatley publicly apologised for unintentionally using his ministerial credit card, paying back $1,260 and cutting up the card in front of reporters.

Last year his MP housing allowance was found to have been almost $16,000 over budget.

Heatley becomes the second minister to resign after Richard Worth stepped down as Internal Affairs Minister, and later from Parliament, for personal reasons amid rumours of inappropriate conduct.

Momentum building in house market, according to ANZ

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SBS FirstHome Combo	6.74
Heartland Bank - Online	6.89
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	6.55
SBS Bank Special	6.69
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
ASB Bank	6.75
Unity	6.79
Co-operative Bank - Owner Occ	6.79

SBS Bank Special	6.19
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
SBS Bank	6.79

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