Labour’s affordable homes now at $550,000!

Claire Trevett at NZ Herald reports:

Labour leader David Shearer has conceded his party’s affordable housing policy will only be able to deliver small apartments or terraced housing in Auckland for the $300,000 price tag – while standalone family homes are more likely to cost up to $550,000.

This is what critics have been saying for months. The idea that you can wave a wand and build a home on a section for under $300,000 is a con.