“The Labour Party needs to tell New Zealanders how they would build 100,000 houses in ten years when they have allocated only enough money to build fewer than 4,000,” Associate Finance Minister Steven Joyce says.
“The $2 billion they are allocating to build 100,000 houses is enough money by their own calculations to build 4,000 at around $500,000 per house.
“They say that they will translate the 4,000 houses into 100,000 houses by selling the 4,000 and building new ones in a process known as capital recycling.