Housing Minister announces plans to build 10,000 homes in Mangere - including 3500 new KiwiBuild homes, 3000 new state homes and 3500 new ‘market homes’

Housing Minister announces plans to build 10,000 homes in Mangere - including 3500 new KiwiBuild homes, 3000 new state homes and 3500 new ‘market homes’

The Housing Minister Phil Twyford has outlined an ambitious plan to build 10,000 new homes over the next 10 to 15 years at Mangere in South Auckland.

That will include 3500 KiwiBuild homes for first home buyers, with 3000 new state homes and 3500 new “market homes.”

The 10,000 new homes will replace 2700 “worn-out state houses” in the area, Twyford says.

“Located near the route of the coming light rail line, the Mangere redevelopment is an example of the opportunities opened up by the creation of this new rapid transport network for Auckland.”

Twyford says the signing off on the business case for the Mangere redevelopment was one of the first things he did as a Minister.

He says affected families have been consulted and now it is time for the Government to lay out the plans publicly.

“Stage 1a of the redevelopment is underway. Thirty-five state houses are being demolished to be replaced by 66 more state houses and 100 other homes, at least half of which will be KiwiBuild and affordable,” he says.

The price cap on a KiwiBuild home in Auckland is $650,000.

Work on building the first new state houses will start over the next few months and is scheduled to be complete in mid-2019.

The first KiwiBuild homes in the development will be finished towards the end of 2019 and early 2020.

“I am determined that the local community benefits from this re-development and are not priced out of the new homes," Twyford says.

He says the Government is working to keep the prices of KiwiBuild homes as low as possible. Prices and exact numbers will be finalised as building contracts are agreed.

Long-term rent and shared equity options are also under development, Twyford says.

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You can put the scale of this development in perspective by viewing this list of major Auckland projects - which now exceeds $60 bln.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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We are up and away at last!
Mangere, I would love to buy several and then onsell after 3 years.
Location Location Location.
This will be the choice location to buy your first location, I can see all the people who registered saying, we want Mangere , we want Mangere.
The good thing is that Mr Twyford is going to give the current residents or state tenants in Mangere first choice for a KiwiBuild home.
Yes I am sure they will have sizeable deposit, clean credit history and able to pay the weekly repayments.
I am sure these shoe boxes will be able to accommodate mum and dad and all the children!


You are Def senile


..cripes i think he's messed up his med's again. That's beyond senile.


TM2, do you always get this angry when something is delivered as promised? BTW, are your behavioral therapist fees tax deductible? Its early days for you yes but it's worth looking into.

If he goes to see a therapist, that therapist will end up needing help

"Mangere, I would love to buy several and then onsell after 3 years." Why dont you move their MAN..might be a pleasant surprise and a touch warmer than CHCH.

Anywhere near rapid transit in any city in the world (excluding maybe US and ChCh) is a good location.

Hi TM2. Found this little article and couldn't help but think to you, Ecobird and your respective wives, patting yourselves on the back and enjoying a fine glass of wine.


It will be interesting to see if in a years time the total number of dwellings has increased by the thousands as promised. These KiwiBuild houses might have been built without PT's help anyway.

Still no changes to the building code I'll bet Phil gets the same old Fletchers boys to do the work as well.

New Zealand houses are crap. I live in a house which is roughly 10 years old. It has insulation and double glazing yet last night it was so cold I caught the sniffles in bed. Not only are we crap innovators, but we can't even copy what Europe and North America have been doing for decades.

try heating it

He'll never get his deposit together if wastes money on heating.
Layers, lots of woollen layers. Baaa.

If I put a plastic bag over my head I'll be able to breath in warm air and not wake up with a bad throat.

You'll have to get in quick because Plastic Bags won't be around much longer.

Thats the idea! I put a sheet over my head.

It's obviously not that simple smart arse. It's a rental and the only heat pump is so far away from the bedrooms it does nothing. I'm not going to heat it with a plug-in heater which costs 4-5x as much as a heat pump.

Heating is another area NZ fails on. How many NZ houses have central heating? By the time the owner is gouged by our ripoff house prices and construction prices there is little left for a central heating system. And try getting a landlord to install one...


Apparently it got checked for insulation - whatever that means. I don't think it means much as walls don't matter under the new law - these people think you can make a fish tank with three sides.

Performance could actually be tested scientifically by placing a variety of sensors inside and outside of the house. Passive houses get tested for air tightness by a large fan and pressure sensors. Instead we've got a bunch of people ripping off the landlords, and annoying the tenants and all for no benefit as the walls are excluded. Even the ridiculous "winter energy payment" is less wasteful.

Those inverted pyramid fish tanks are actually pretty cool. I did wonder who the first person to think "Hey I can make a fish tank with only 3 sides" was, and why. I suppose you can't constrain art...


My turn,
10 years old, heat pump in lounge, double glaze...hmmm?.I deduce South Island climate
Do you have those appalling recessed lights in your lounge ceiling?
Early versions acted likea chimney.

Yes - that'll be it. Down lights. Also the bathroom fan is just a hole in the wall. Still today there is no requirement to fit backdraft stoppers on bathroom fans.
The building code really has no regard for basic physics. The insulation part should be scrapped in favour of real world performance tests.

These days we could use computer modeling to assess a house design, Barf I think it is called.
But that doesnt get it built correctly.

i have seen that, same insulation used for house after house

A 500w heater panel in your bedroom is cheaper to run than a heat pump or central heating.

Not on a $ per Kilowatt output basis it isn't.

A 500w heater panel consumes 500w and more or less puts out 500 watts of heat. 1:1.

A heat pump (depending on the size) consumes 1200w and puts out 4800w - 6000w. 1:4 - 1:5

Panel heaters are good for the typical NZ new build that has five bedrooms and one older couple living in it. (more than half of Auckland homes have only one or two residents).
The panel heater can be turned on for the one or two days that the extra bedrooms are occupied and you save running a heatpump at low output/low efficiency and you save the capital costs.

For an occupied home however, you can duct that heatpump or use an air to water heatpump with underfloor piping or radiators, then you can split off 500W worth of heat into each bedroom, and you are only using 160W of electricity per room.

What if the total number of dwellings hasn't increased, but at the same time the average cost of a new build has dropped?

The good thing about PT's lottery is that it will cause a lack of demand while FHBs sit their waiting and hoping. If PT involves councils and Fletchers the build cost will of course be a complete joke per sqm. However it might affect the prices for existing housing stock.

If the total number of homes stays the same you are loosing because you still wear the opportunity cost by losing the ability to uses the building martials, labour and time somewhere else. Ideally to build more buildings.

"These KiwiBuild houses might have been built without PT's help anyway" - including without light rail?

Senile, meds, not sure what you are on about.
I am on no meds, just loving life and able to afford it.


"I am on no meds"

That is the root of the problem, I think.

Try cyanide

Apple seeds! About 150 should do the trick.

That's no use, he can't count that high.

A handful, maybe.

LOL. No, really, LOL

Adding 500 to 700 homes per year is an ambitious plan? I see that the goal posts have moved considerably...

As to 10,000 vs 500 to 700 number, the "ambitious plan" of 10k homes is for the next 10 to 15 years, with the removal of 2700 homes. So the addition is 7300 homes, spread out over 10 to 15 years. Hence the 500 to 700 homes per year. I'd be confident that the majority of these new homes won't make it to market for a few years...

The discrepancy will be because this is just one development - this is not the whole of Kiwibuild. Add a few more similar or larger developments (details on the few thousand at Unitec should be on their way for example) and the numbers will begin to stack up. Sadly, this takes time.

Yes, I understand this. I also recognize that the likely conclusion to his comment that this was the one of thefirst things that he signed as a minister suggests that the plans for this development was started before kiwibuild was around. From what I've read, the plans for this development started around two years ago...

In a way these are the first result of the KiwiBuild policy, as KiwiBuild forced National to make a poor copy of the policy.

Despite the sarcastic comments by THE MAN 2, these is a fantastic opportunity to rejuvenate the Mangere area while improving the quality of life for those living in state homes.

Mangere is in a fantastic position with easy access to airport and town center and west with the new tunnel.

The area is currently very much under developed with tiny low cost 60's homes on massive sections. Redevelopment of the area with better facilities (parks etc) and higher cost homes is surely to bring an improved atmosphere to the area.

The tram line to the city and link to the airport will create new employment for low income earners and allow youth to travel to other areas of the city easily and cheaply for entertainment, education and cultural activities. Ultimately this will allow high income areas to connect lower areas and stop the division within our city.

Big Win!

I completely agree. What allows this development to work is;

1. New transport provision that allows incoming residents to quickly access areas of economic activity for employment, business, consumption and other amenity reasons, such as, accessing health or educational facillities.
2. An urban area with increasing amount of economic activity -this sort of intensification scheme wouldn't work in Invercargill for instance -because there is no underlying increase in economic activity that would sustain an approx additional 7,500 houses/20,000 residents.
2. Low density and poor quality housing that can easily be increased in density three, four and even five fold with no loss in amenity value to the wider Mangere community. In fact if the intensification scheme is master planned well there could easily be a large improvement in amenity value.
3. The fact that there is one landowner -HNZ means site assembly issues are reduced -which makes large scale master planned intensification development feasible.

The question Aucklanders should be asking though is -how to best intensify old rundown housing on large sections that are close to upgraded transport amenities, when the properties are in multi-party private ownership.

There are over 500,000 separate private property titles in Auckland. For most of Auckland multi-party private property is the predominant land-use. Like Mangere, a good proportion of this private property will become within walking distance of newly provided or upgraded rapid transit services.

So how can this private property best intensify in response to increased economic activity and improved transport services?

How does the private property owner benefit, first home buyers benefit, the wider community benefit?

I think to maximise the benefits of this opportunity NZ needs is a system whereby master planned developments is feasible for groups of private property owners.

I have made an effort to write about this in an article titled -'Can Great Design Help Solve the Housing Crisis? - A Master Planned Block Proposal'

A huge help would be a land tax that takes away the very reason to hoard land; Capital gains.
The councils could take the blame for collecting it as with the fuel taxes. Sadly the politicians don't want to see the elephant in the room. Instead we just do sausage flats as you call them with ridiculously shaped driveways and no yards.

Despite the sarcastic comments by THE MAN 2, these is a fantastic opportunity to rejuvenate the Mangere area while improving the quality of life for those living in state homes.

I have seen a lot of people mention this sort of thing. I am confused? My understanding is that Kiwibuild involves purchasing the property. How will state housing tenants (By definition they can't even pay market rent)
a) Qualify for a mortgage, and
b) pay for it if they did.

Unless the Govt are literally gifting the houses.

From the many mortgage calculators available (and assuming a 10% deposit). You are looking at about $700 a week in repayments (At current rates)

At 50% of your take home income you would need to earn (as an individual or couple) at least $90,000 to realistically qualify.

You are right. What HNZ will do is increase the number of state houses in the area. So for instance 2700 state houses could be replaced by 3,300 state houses, 3,300 KiwiBuild houses and 3,300+ private market houses.

That way state house tenants can be rehoused in the same area -hopefully in better quality housing than where they are currently living.

Part of the master planning of this scheme should be a KPI about minimising the disruption of moving state housing tenants from old to new housing.

I suspect the reason the timeline is so long is partly to minimise displacement of existing tenants

Unless the Govt are literally gifting the houses.

And why not? Rent-to-buy, shared equity or whatever the initiative gets called - no matter how good the terms or how long it takes to repay - will save us many, many times over in the current costs of housing crisis management.

Hopefully, a first look at a well being budget will make these simple economics clearer to the general population.

There will be some state houses in the mix. The developments will be a mix full price houses (for the rich), kiwibuild (for the not so rich) and state houses of the poor. A Utopian land that caters for all its citizens' financial situation.

As per second and third paragraphs of this article, state housing tenants will benefit because they will get a modern warm dry home rather than an old worn out house. A further 300 extra state houses mean another 300 families will benefit who currently live in the garage of friends or tents in backyards etc.

They will also benefit because they will live in a more mixed neighbourhood. Their children will go school and mix with people from a variety of backgrounds and some will see that there is more to life than state dependency.

This is great news, since it'll significantly reduce the demand pressure on the market. Hopefully this flows out to other segments of the market to reduce demand in general, which should reduce into more flows of investment into the productive sector.

"ambitious plan to build 10,000 new homes over the next 10 to 15 years at Mangere in South Auckland."

Yay ... 10-15 years now! , lol... these must be part of the 23000 homes planned a couple of years ago by HNZ which will be built in stages to replace old state houses ... labeling 1/3 as KB is the hallmark dirty tactic of this CoLs to fool the populous!

So KB will still cost $650K in 10 - 15 years huh? .. who in his right state of mind could believe such BS? .... $1M is more likely in 10 years

PT is letting no occasion pass by without claiming credit for something he didn't actually do ... pathetic really.

Maybe time for you to join the boy to see a psychiatrist

For years the specu-debtors and banks bleat about shortage, shortage shortage.. Why? To sell more debt onto the masses or to on-sell a bigger debt and house on to another unlucky punter..

Now we have some progress on building projects and what happens..... yesterday Westpac start bleating that their is no shortage anyway and today TM2 starts with a rant about the perceived quality of what will be brand new supply..... so my guess would be probably better quality stock is coming compared to many of the existing dog-boxes that are owned (with big loans) by the specudebtors.

Rental supply keeps rising and rental prices are flat to falling.. Mid winter for-sale stock is still very high, add in some new stuff in Spring, throw in a little Aussie bank credit crunch and you have the ingredients for a very spicy 2019. All the while the buyers sit and wait for new houses to appear while everything else gets cheaper and cheaper. I haven't even mentioned foreign buyers and tax changes. Looks like the government is quickly delivering on its promises for cheaper housing for New Zealand... But how cheap will they get? The Hawkes Bay median price fell 7% ($30k) between March and June quarter.. Now that's rapid!

And... home values increased in Napier by almost 16% compared to a year ago, with Hastings increasing by 8.5%. The selective use of statistics in order to present a particular view is a sign that one may not be objective on the subject.

Reference the below link for the home value change for Napier and Hastings: http://www.corelogic.co.nz/news-research/item/nzs-regional-property-mark...


Here is the article ... As stated in it, there was a 7% fall in the median price over the 3 months between March and June. Correct me if I'm wrong but I believe that you made a purchase in the region not too long ago, so let's think about objectivity shall we? Did someone say it was a good idea to start in the regions and then go back to Auckland or wherever afterwards. I guess that was before all this started happening?. I have no doubt that you won't be alone and I am sorry if that's the case. I have no desire to buy or sell in the Hawkes bay so can probably be a little more objective.

Remember as well that Corelogic's , 'Values' are not 'Prices' - prices are determined by buyers and what they will actually pay. A median sales price is therefore and excellent indicator of where there is support in the market and where there is none. If medians are falling then that means demand for what may have been higher 'value' stock is also likely to be falling relative to the average median purchase point..


I would recommend going to the source instead of using quotes from the Herald. Yes, there was a material loss in the median price over the past three months. There was an equivalent gain (and then some) in the prior three months. The most recent 3 months has the Massey University affordability index improving by 8%, the prior three months getting worse by 19%. You are touting the 8% while ignoring the prior three month -19%. Yes, this strongly suggests that you are selectively highlighting data that aligns with your viewpoint, similar to what TTP does. I'm currently having fun with his selective usage of auction result data...

If you just have to use the Herald, then I'd suggest clicking on some of the "related" links in your referenced article, such as this one: https://www.nzherald.co.nz/hawkes-bay-today/property/news/article.cfm?c_...

"The latest QV house price index, released today (Wednesday) shows Napier values rose 15.7 per cent year on year but only 3 per cent over the past three months.

The average value in Napier was $512,519.

Hastings values - up 8.5 per cent year-on-year - actually fell 0.3 per cent over the past three months to an average value of $455,678."

I am looking at all of the data, not just the data that backs a particular view. Quoting the 7% reduction in the median sale price without noting that the prior three months had a similar gain, and discounting "same house" stratified values suggests that you have a subjective bias.

I plan to own my home for a total of a decade, then our home location choice passes on to my wife. I'm pretty sure that we will end up close to a nice beach when she selects our next place to live... We will be here for 7.5 more years. We do not consider a home purchase to be an investment, but instead a drag on our overall wealth. If it goes up in value, then when we sell and buy something else in a similar market, we get a net loss due to transaction costs, unless we choose once again to rent instead of buy.

You again reference values rather than prices, QV is not a measure of real transaction prices. Amazing how quick they got that out in the press today after overlooking yesterdays truthful article of more recent market moves

However I do understand that given that you are invested in the market that I was shining a light on that it would lead to a defensive reaction. I have friends in the 'regions' of the UK who bought in 2004/5 and their prices have nearly got back to nearly 90-95% of what they paid for them (albeit prices are starting to fall again) so your 10 year plan may work out if you add a couple of years to it and lump off some of the mortgage.

Ever heard of buyers remorse? it's what happens when you regret buying something. it will be a very common thing over the next few years and I do sympathise. I bought a house in 1988 for £247,000 which I sold for £202,000 in 1995.... it could have been a disaster but it was the best move I ever made as I traded up and bought from an owner had who had suffered over £200,000 fall in the price that he'd paid prior to me helping him out of a hole.

See response below.

Your last sentence is why I do not fear a decline, but instead would be quite happy for a significant decline.

The definition of value is that it is what price one could find for an item. Median price isn't value, it isn't even the price that a typical home sells for. There can be significant changes in the median sales price, with the going price for a given home remaining unchanged. This is particularly true for small data sets such as what happens in the regions, where short term randomness can show up in the data.

I am surprised that you do not understand the difference between median price and home value (the price that it would typically sell for on the open market), you seem intelligent in many of your other comments.

What do you mean by QV is not a measure of real transaction prices.?

As to your claim that sale median house price is a better reflection of home prices, you are seriously deluded. That median number is the price at which half of the homes sold at higher value, and half at lower value. This number can be seriously affected by the composition of the sales. In 2006, the median home price in the US continued to climb, while the home prices started to reduce. This was due to the fact that the demand for lower priced homes evaporated when the mortgage scams started to fall apart. I have a healthy disdain for the usage of median price as a proxy for home value, and have seen it seriously mislead people. We have even seen it mislead people in Auckland in the past, as shown on various comments here on interest.co.nz

I hadn't posted my last response before you posted this as well, so please read above for my response as I fear that I may end up repeating my story about 'buyers remorse.'

No remorse here, even if the property declines by 30%. Our purchase was a cash sale. Haven't owed money to anyone for more than 20 years. The home purchase tied up about a quarter of our cash reserves so we have plenty of headroom. If the home prices seriously decline, that will give us an opportunity to upscale... although I cannot see much desire to do so as I do not want a McMansion.


As always thanks for biting, I've enjoyed out little chat and think that we've been able to share some useful points this afternoon to help save a few young kids from entering this fools trap now. Have a good weekend.


I think also that Nic J might fail to realise that Hawkes Bay is a much smaller market than Auckland and thus with far fewer sales the median and average can jump around a bit. You only need a few more sales than average of properties on the hill, Ahuriri, Westshore, Parklands and the like and the median and average can jump (or fall, as the case may be).

Homes.co.nz shows property prices continue to march upwards in Napier and I see no evidence of prices falling here. In the wider Hawkes Bay, maybe....but Napier continues to move ahead. I note that the new release of sections at Te Awa which are priced from $279K - $339K are selling fast, notwithstanding that just two years ago most new plots in the area were sold by the developer for 160K or thereabouts.

Sorry to interrupt your dream, but please check out some data on what you are claiming before you embarrass yourself too much.

and when do you support your missives with "data" . You just make unfalsifiable claims.



There's the data from the herald article Ecobird, it's my pleasure to provide some more education. My guess is the herald got a few calls from the RE sponsors as this was whipped off the front page of their site last night..

Have you ever heard of the expression 'Pushing an elephant up a staircase?' Well I think with this market (the elephant) that you're going to need to get a lot more help or you'll end up with your head in a very uncomfortable cavity.

Here's some more stuff for you about mortgage stress in Australia.(on the radio stations now) .. It's always good to look beyond the elephant's arse for a bit more information.





Nic, you just fired a volley of shells at the pea shooting birdy. It's possible you finished him off :-(

lol, eat your hearts guys, I don't care what the HB does or not , I live in AUCKLAND .hahahaah ... and so far my properties are making good gains in both Hamilton and Auckland , so again being selective on data and articles is very stupid and narrow minded.

I have a family member who bought and later sold in Havelock North within the last two years and made about 30% gain ... lol, you can kiss your Herald data A*** ... lol.

Ecobird, are the voices in your head shouting at you?


you're not one of these two chaps are you?

Eco Bird, your family member bought and sold in Havelock North within the last two years, booking a 30% gain. After Brightline CGT, agents fees, rates, maintenance, mortgage interest and insurance - there's very little left to pop the corks over.

In your case, alleged paper gains are not even banked! Easily here today, gone tomorrow. Where's the longer term satisfaction in that? You must be running out of space on your fridge door to pin up the daily spot values of your vast portfolio. Get a life and pin up your grandkids drawings, take out a term deposit or two instead. :)

Like you and TM2, many speculators have changed tune and now say they're in it for the long term and don't intend to sell. The truth is, IRD is scooping up revenue under the intent and Brightline provisions and that has caught many out. Conditions are no longer conducive for you to flip as was originally intended. The prospect of having to pay CGT irks you as much as the Coalition. I guess when you feel trapped it's understandable that you will search out articles that spruik then spring to life when you read from Nanny Herald - "One Roof"

"pin up your grandkids drawings, take out a term deposit or two instead"

If you want to help grandkids don't get a useless term deposit with meagre after-tax returns for them. Combine the two TD if need be and make a house deposit instead. Over 20 years the rent will pay the mortgage and gift them the (near) mortgage free home for their 21st birthdays. Job done

Yes this government is going to have at least two terms in power as they care about those who missed out on their right to own their own home because they were either born in the wrong generation or they were caught out by high prices and our low paying economy. National did not give a stuff about the underprivileged and it is one of the main reasons they lost the election. To deny that New Zealand had a housing crisis last year was a serious misjudgment on National's part. Labour is a breath of fresh air for many people who were staring down the barrel of never owing their own home.

Gordon you are seriously deluded if you really think there are going to be many more buyers for first homes in Auckland than if this so called KiwiBuild wasn’t happening.
How you can defend this lot defies logic.
I hope I am wrong but it isn’t looking like it.
Twyford has just said that the KiwiBuild in Mangere are going to be more than the $650k so go figure, how is it KiwiBuild.
Another day another load of BS.

"Another day another load of BS."
Love the irony TM2 .

This KiwiSlum proposal is realistic. Land is cheap in Mangere (average 3bed only $650k). So doing a bit of infill housing should be workable.

Guess you live in a slum to foresee what one would look like

Geez The Man has been attacked this morning for speaking his mind.
Very hurtful when someone suggested I take cyanide.
Anyway things to do today in sunny Christchurch.
Forget Auckland it has too many problems and building more and more houses will not fix your problems.

Perhaps this is an indication that you shouldn't speak your mind. Just saying.

Robot, people get attacked on here because they are successful financially and try to offer sound financial advice which is what this site I thought is for.
The people who have t been so successful in life financially need to take heed of advice from the property bulls as they do have experience.
This KiwiBuild is a farce and building state houses for beneficiaries to my mind is not what Mr Twyford said KiwiBuild was for.
It was to assist people to buy their first home on low income but we now know that this isn’t going to happen

While I don't condone the personal attacks, I don't think they are because you claim to be financially successful, more to do with disagreements with your arguments. You are mistaken in your assumption that everyone on this site who doesn't agree with you, or who isn't a landlord, is not financially successful. I don't think the majority of attacks are to do with jealousy.

A lot less arrogance and a bit of empathy might make you more palatable The Boy. Those who crow about their success are generally dreamers who have nothing to crow about at all.

Some people here like to have their daily dose of morphine administered by Dr. PT as their addiction to BS is getting out of control and need more of that stupid stuff every day.

Someone on the radio was asking where will the 2700 NZH tenants will be living while they build these houses in 10 -15 years time?

Anyway, the comedy continues and the circus is getting boring.

I imagine they'll stagger the building so that most tenants will simply move to a brand new place round the corner in a phased fashion over the next 10 years. Of course there'll be some disruption, but that is the price of progress.

You and the boy are the ones that provide the entertainment with your hysterical comments, especially when you'll have your mood swings

Eat your heart ..Haha ... My mood is perfect, boy!

friday afternoon in the sun with the "single Malt drink " that you couldn't even afford to smell .... lol

Nothing wrong with our mood ... pull your head in , and look after yourself ...Boy !

You're obviously listening to voices in that empty head, ain't you.

You having the single malt with the Boy on your lap?

Ye of little faith. Better to go so bold it hurts than waste on 50 year opportunity.

Carpe Diem!

50 years?, don't you think that the Clark Gov has contributed to this crisis?
Biased is acceptable , by Blind is really funny.

This problem has roots since 1990s, and to claim that it is all the last Gov fault is utterly naive let alone stupid.

You can have as much faith as you like in the current puppets running the show and lying every step in the way ... but common sense dictates that when you see people negating on their promises and finding any other avenue to convince you otherwise , then these people are noobs and not worthy of the trust that many people have put in them for CHANGE!

Again, time will always tell, but the wise can sort wheat from chaff early in the piece.

Eco Bird, it's you and your like have been the biggest contributors to this oversupply of unaffordable homes. One only needs to own one house to live and raise a family. There are other investments out there. Its sad when you now blame the Coalition for introducing legislation to make your environment a little toxic. What did you honestly expect, that voters would not voice their anger on polling day? How naive...

I suggest you smile, suck it in and take some ownership by supporting the Coalitions tireless efforts to tip the balance in favour of FHB's :-)

Lol, you think that everyone is an idiot like yourself and would not invest in opportunities when they arise... perfectly legally ....

the fact that you missed out on such opportunities doesn't demonize others , it just proves that there are some who are more clever than can seize the opportunity ...and that is ok , because you are not the sharpest tool in the shed given that you prefer to put your money in TD!!!! but that is your risk profile and as much as your could resolve !

this CoLs took power by chance, and it will be deservedly placed in the history's rubbish bin in 2020 and everything will be back to normal ....no matter how high your envy and anxiety levels are and how loud you and others could bark! ....

If you want to kick yourself in the bum, then by all means do that, but don't blame us, we invested, took the risk and reaped the rewards ...and we are enjoying it ..... you can only watch from the sidelines with envy and kick yourself everyday for your stupid faith in your idealism ...lol

This Single Malt is out of this world, I telt you ! ......sorry its only available in Duty free ...lol

Yup, thought so. You remind me of a possum caught in the headlights of oncoming cars. You grunt, stare and believe the road is YOUR highway :)

Why would I be sad at missing a so called opportunity I never want in the first place? It's a little precious to exalt your herd mentality don't you think? It's just gambling, with little intelligence required. You need plenty of luck but at the end of the day, only your Landlord bank wins.

He's more like a racoon

Cool , it had nothing to do with luck Poppy.... only idiots and loser would put their misfortune to that .... so you never wanted the opportunity because of your suprime higher morals ?, FINE, that was your choice ...

So in that case, stop blaming others who did well for getting ahead , stop that envious stupid attitude, stop those idiot sympathy gestures and preaching about something you have no idea off /.... and stop giving advice when you proved to be the last qualified person to do so....

If you are so proud to be a loser then keep that shame to yourself and stop tagging others who did better in the last 20 years , gambling or otherwise!! !!... because you are exposing yourself to be nothing less than an envious bitter loser and an idiot who missed the boat and just blaming the ones who didn't !!

Lol, I love this Single Malt .... it is the kind that your likes need a mortgage top up just to taste it ... :) ... I shall leave you to your cuppa to enjoy.

Ha-ha-ha-ha :) Oh it's luck alright. Especially when EcoBirds involved.

yep it is poppy ... Some are wise, and some are otherwise, as they say.

I shall shout you a shot of this Single Malt one day, if you bebave ...

Well the government is doing something to reach their 100'000 promised affordable houses, that's a commendable start.

"Kiwibuild is going to produce 100,000 affordable houses"....It's the new Tui billboard.