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21 Aug 2018 9:07
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  •   Home > News > Politics

    Praise for the Government's shared-equity musings from an industry leader

    Praise for the Government's shared-equity musings from an industry leader

    It's considering fronting some of the money needed for a mortgage temporarily, to make it easier for people to buy a house.

    The Property Institute's chief executive, Ashley Church, says it's a good idea.

    He says there's been a massive drop in the rates of home ownership for 30-to-39-year-olds, and something needs to be done to regain some of the lost ground.

    Church believes banks will be on board because it's safer for them.

    He says the issue's more around whether the Government has the money to do it, and thinks it might not happen soon.

    © 2018 Newstalk ZB, NZCity

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