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Articles by Matthew Gilligan

KiwiBuild Policy

AUTHOR: Matthew Gilligan

POSTED: 30 October 2018

Middle class, sometimes low net worth people run our labour force, including the public sector for essential services. Police, fire fighters, teachers, nurses, even doctors, are struggling to get a home in supply-starved Auckland – so they move to the regions. Net result: our schools, hospitals, first responders, and our local businesses in Auckland can't get or retain the labour they require. And people can't live where they want to live.

The KiwiBuild policy is right on point for making houses for these people and is much needed. People trying to hijack the policy with a liberal narrative saying it's not helping poor people, and poor people deserve home ownership in Auckland, are ambushing the argument with discussion irrelevant to the intended outcome. This is not social housing or social welfare policy.

KiwiBuild increases the supply of cheaper houses in Auckland, which have to be small to be affordable here, but are still nice. People starting out in their life have a shot at owning a modest home, if they have the income and employment.

Good work Twyford, you're making an impact with this policy. You are turning developers' attention away from million-dollar homes (average houses in Auckland) and focusing them on affordable houses. Well done!

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Matthew Gilligan
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© Gilligan Rowe & Associates LP

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Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.

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Hello Matthew, I am just wishing you the best of success with your excellent book Property 101. It is very rare that I come across a book on real estate that is in the league of other financial securties writer's. Thank you for taking the time and more importantly writing about real estate in a easy to read manner. I am still learning after 30 years in real estate. I am also a true contrarian like yourself and have learned this art from my favourite contrarian, Jim Rodgers (Former Quantum Fund). I have been preaching this to our Investor net work and corporate clients for some time, but most find it very hard to-do. Thanks again! Kind Regards, - Chris Kerr - The New Kids On The Block Pty Limited - October 2015

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