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19 Feb 2018 6:54
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  •   Home > News > Local Politics

    Buying a Queenstown house is 'impossible'

    A housing affordability taskforce is offering the Queenstown Lakes District Council ways families and workers can buy into the housing market.

    Buying a property in Queenstown is verging on "impossible" for workers, families and long-term residents.

    A Mayoral Housing Affordability Taskforce was formed earlier this year to tackle this problem, and has offered six recommendations for the Queenstown Lakes District Council aimed at addressing housing affordability and supply.

    "While we're all lucky to be able to call this place home, buying into the market is almost impossible for many residents," Queenstown Lakes District Mayor Jim Boult says.

    Mr Boult will be urging the council to accept the report, which offers "practical solutions" to the district's housing issues.

    "We've taken a fresh approach to the idea of home ownership and have some really forward-focused recommendations that will help people to find quality long-term rentals or get into their own home," he said.

    The taskforce recommendations include building a portfolio of secure long-term rental options, changes to visitor accommodation, such as Airbnb, changes to zoning and intensification regulations, addressing household income support with central government and building a long-term housing strategy for the district.

    The report also recommends a secure homes scheme that sees home and land separated so people on lower incomes can afford to buy a home while renting the land it sits on.

    This approach would be used across the district with the aim of having 1000 affordable homes available for use by 2028.

    The taskforce was also focused on exploring new models of home ownership, without affecting the current market and those who have already invested in it.

    "Sitting by and hoping the housing market will develop a solution of its own simply hasn't worked and we need to take action," Mr Boult said.

    The report will be discussed at the next council meeting on October 26.


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