Greens bill to allow first homebuyers to defer student loans for home deposit pulled from ballot

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NZN

Parliament will debate a Green Party proposal to allow first homebuyers to defer their student loans in order to save for a deposit.

The Reserve Bank says Auckland's inflated prices continue to be a big risk to the country’s financial stability.
Source: 1 NEWS

Gareth Hughes' private member's bill was randomly selected from the ballot today, just six days after he put forward the proposal.

The bill allows anyone earning more than the $19,000 threshold to defer part or all of their 12 per cent loan repayment into a home savings account.

"A bachelor's graduate on a median wage could save $18,000 after five years," Mr Hughes said.

He says helping Kiwis to buy a home will encourage them to stay in New Zealand and continue contributing to the local economy.

Fellow Green MP Jan Logie also had her domestic violence protection bill drawn from the ballot after waiting more than a year.

Provisions include flexible working hours and up to 10 days' leave from work for victims of domestic violence.

She said the drawing of the bill was timely with the growing movement of businesses and workplaces adopting family violence policies.

"Progressive employers are already leading the way on this issue. It's time to even the playing field across New Zealand for victims and businesses," she said.

"The bill will clarify that domestic violence is a health and safety hazard and will strengthen flexible working arrangements to ensure they are fit for purpose."

Labour's Kelvin Davis also had an affordable housing proposal drawn.

His bill would require the government to build 10,000 affordable homes per year as part of a construction programme to increase the supply and affordability of homes across New Zealand.

The bills will all be introduced for a first reading.

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