National leader Simon Bridges says Labour’s KiwiBuild policy is a hoax after 30,000 people signed up to the ballot to have the chance to buy a home.
Labour is planning to build 100,000 new homes in New Zealand, with the price cap set at $650,000.
But there will be a long wait for most applicants – only 1000 are expected to be built in the first year of the scheme, and 5000 in the second, eventually rising to 12,000 a year to meet the 100,000 in 10 years target.
But Mr Bridges told The AM Show it’s all marketing and no new homes are actually being built.
“[It’s] private developers doing stuff, they stop, Phil [Twyford] comes in, he pays them more with taxpayers’ subsidised money and then he sticks a stamp on it,” he said.
“That is a KiwiHoax.”
Mr Bridges said he would consider keeping KiwiBuild under a National Government, but only if it’s going well.
“If [Phil Twyford] somehow manages it, to pull it all together and do some magic and get himself…
