Kāinga Ora buying up passed in houses at auctions?

Author
Newstalk ZB,
Publish Date
Wed, 28 Jul 2021, 4:50PM
Minister Megan Woods. (Photo / Mark Mitchell)
Minister Megan Woods. (Photo / Mark Mitchell)

Kāinga Ora buying up passed in houses at auctions?

Author
Newstalk ZB,
Publish Date
Wed, 28 Jul 2021, 4:50PM

National's criticising the Government for buying more state houses than it builds.

Figures released through parliamentary questions, reveal that of the nearly 8000 public homes added by the Government, only 3716 were new. The rest are mainly existing homes, bought or leased on the private market.

Yesterday, a real estate agent called into the show to say that her company had been approached by Kāinga Ora to say they have been told that if an auction falls through Kāinga Ora is willing to pay “$200,000 over the asking price.” The real estate agent also said “their top offer is $1.5 million.”

Kerre McIvor asked Minister of Housing Megan Woods if Kaiga Ora is subverting the market?

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