Budget 2021 fails to make house buying easier for young Kiwis

first_imgBudget 2021 fails to make house buying easier for young Kiwis Well done to the Government on funding its housing initiatives, but for most first-home buyers Budget 2021 will make little difference, says one real estate boss.“It brings to life measures the Government has already announced in recent months. However, it does little to help young Kiwis pull together a deposit or secure a mortgage – both of which are increasingly difficult,” says Derryn Mayne, Owner of Century 21 New Zealand.Her comments follow Finance Minister Grant Robertson confirming today that Budget 2021 will help deliver more housing supply, with a strong focus on lifting Maori homeownership rates announced.“Homeownership rates for Maori have always been much lower than the rest of the population, so this is really positive. I was also hoping to see more for first-home buyers generally, with some bold moves to actually get them on the property ladder. Sure, the Government’s already tinkered with the likes of HomeStart Grants and First Home Loans, but in this market much more is required,” she says.The Century 21 leader says the Finance Minister has long promised to ‘tilt the balance more towards first-home buyers’ but Budget 2021 has not achieved that.“He could’ve announced partnership models such as ‘rent to buy’ schemes or that the Government would act as loan guarantor for eligible first-home buyers. Another initiative could’ve been interest-free government loans for deposits on first homes – like student loans in tertiary education. It’s those kinds of things that would’ve made a real difference,” she says.Ms Mayne says access to entry remains. Young Kiwis simply can’t break into the property market, despite many easily able to potentially service a mortgage rather than paying high rents.“Owning your own house is a huge ‘wellbeing’ advantage for Kiwis at the end of their working lives. While the Government’s housing initiatives announced so far may have individual merit, collectively they’re still not enough to substantially lift the country’s overall property ownership rates. Budget 2021 could’ve changed that, but it didn’t,” says Derryn Mayne. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:break-in, Century, education, finance, Government, housing affordability, Minister, mortgage, New Zealand, population, property, property market, real estate, Robertson, Student, younglast_img read more

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10 things to do this week: Be Involved Fair, mind reading, more

first_img Published: Jan. 22, 2021 This week brings the CU Summer Abroad Expo, a Zen meditation session, a virtual mind-reading session and more.Monday, Jan. 25Mindful Mondays: Healthy Habits 2–3 p.m.  ZoomStart the week on a positive note by learning how to cope with cravings as part of a mindfulness activity. Register for Mindful Mondays.CMCI Skills and Trends to Help You Stand Out in the Job Market 12:30–1 p.m. ZoomHear the latest industry news and trends within the CMCI community. Learn more about skill development, industry resources and more. Virtual event: International Affairs During the Next Presidential Administration Jan. 25, 27 and 29  Virtual Join the Conference on World Affairs for a three-day virtual event exploring how the U.S.’s international affairs might take shape as we enter a new presidential administration in our country.Tuesday, Jan. 26Be Involved Fair 1–5 p.m.  VirtualMake new connections and learn about opportunities to get involved on campus and in the community at the Be Involved Fair. Meet with leaders and members of student organizations and nonprofit organizations who are looking for new and enthusiastic volunteers.CU Summer Abroad Expo 10 a.m. to 6 p.m. Virtual Join CU Ed Abroad virtually to learn about all of your opportunities to study or complete an internship abroad this summer!CU Boulder weekly COVID-19 update 12–1 p.m.  Virtual Tune in to hear CU Boulder leaders provide the latest information on the university’s ongoing response to the pandemic and take questions.Wednesday, Jan. 13Wellness Wednesdays: Healthy Habits 2–3 p.m.  Zoom Bring a friend to learn how to build healthy habits for a successful semester. Don’t forget to register for Wellness Wednesdays.Zen Meditation 6–6:45 p.m.  Virtual Join Sigman Myoshin Byrd, senior instructor in the Program for Writing and Rhetoric, for a 25-minute sitting session, followed by a brief discussion about Zen and the experience of doing zazen (sitting meditation).Thursday, Jan. 14How to Gain Experience and Build Skills without a Job 3–4 p.m.  VirtualAre you looking for opportunities beyond traditional jobs and internships to build your resume and skill set? Whether you have work experience or not, come learn about alternative experiences like freelance work, volunteering, entrepreneurship and more! Register on Handshake.Buffalo Nites: Virtual Mind Reading Shop 7 p.m.  VirtualJoin Mark Toland, award-winning mind reader, for a night you will never forget. He can tell you your birthday, where you grew up and what you did last summer. He will, quite literally, blow your mind. He has appeared on NBC, WGN, FOX, NPR, ABC and has even given his own TED Talk. Plus, he has performed for hundreds of major colleges and corporations around the world.Categories:Things to DoCampus Community Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

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