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Govt designs "balanced plan" to turn Kainga Ora's spending around

Author
Newstalk ZB,
Publish Date
Wed, 5 Feb 2025, 7:41am
Photo / Mark Mitchell
Photo / Mark Mitchell

Govt designs "balanced plan" to turn Kainga Ora's spending around

Author
Newstalk ZB,
Publish Date
Wed, 5 Feb 2025, 7:41am

The Government's set to sell off high-priced Kainga Ora homes in an effort to bring its books down. 

It's reviewing state housing stock, focusing on expensive areas. 

Its new cost-saving plan includes the sale of around 900 homes a year, with the money to go to more low-cost, denser places with greater demand. 

Housing Minister Chris Bishop told Mike Hosking they want to be more deliberate with their purchasing. 

He says 50% of people on the register just need a one-bedroom unit, so they don't need to be building lots of three bedrooms. 

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