Housing
Net cost in this area
Four-year net. Bars share one scale. Solid adds to the deficit, light reduces it.
First Home Loan: single $300k income cap (5% deposit)$0mPartymediumIn current plans
Announced 6-7 Sep 2026. National estimates $4m-$6m/yr; midpoint $5m used. Funded by reprioritising existing baselines, so it is not new money. Crown underwrites the loans (contingent liability not costed). Critics warn it could push up prices at the capped end of the market. in_baseline = full $20m because it is funded by reprioritising money already in the PREFU baselines. interest.co.nz (6 Sep 2026, citing the National policy doc): the $4-6m covers admin and support for an expected doubling of the scheme; current admin is about $14.5m/yr for about 3,085 underwritings (2024/25). Budget 2025 lowered the ongoing cost by making borrowers pay Lenders Mortgage Insurance. Confidence stays medium because only a range is given.
SourceRent subsidies for 6000 new state houses+$760mPartymedium
Operating cost (income-related rent subsidies) linked to the Kāinga Ora capital build. Annual = 4-yr / 4. years_covered: Labour reports this as a total over the PREFU forecast period (2026/27-2030/31). Spending is expected from 2027/28, so in practice it is a 4-year figure.
SourceRefund GST on new builds meeting high standards (Homestar 6+/Passive House) to councils+$1.80bOur estimatelow
Uncosted by TOP. Applies only to qualifying high-performance new builds. Method: new-dwelling consents $18.5b (year to Aug 2026, Stats NZ via interest.co.nz) x 15% GST = ~$2.8b, x ~16% qualifying share = ~$450m/yr. 13% of new dwellings were Homestar-certified in 2020 (Infometrics); the incentive would lift this. Replaces TU's $3,986m/yr, which assumed GST on all construction.
SourceFirst Home Loan: single $300k income cap (5% deposit)$0mPartymediumIn current plans
Announced 6-7 Sep 2026. National estimates $4m-$6m/yr; midpoint $5m used. Funded by reprioritising existing baselines, so it is not new money. Crown underwrites the loans (contingent liability not costed). Critics warn it could push up prices at the capped end of the market. in_baseline = full $20m because it is funded by reprioritising money already in the PREFU baselines. interest.co.nz (6 Sep 2026, citing the National policy doc): the $4-6m covers admin and support for an expected doubling of the scheme; current admin is about $14.5m/yr for about 3,085 underwritings (2024/25). Budget 2025 lowered the ongoing cost by making borrowers pay Lenders Mortgage Insurance. Confidence stays medium because only a range is given.
SourceRent subsidies for 6000 new state houses+$760mPartymedium
Operating cost (income-related rent subsidies) linked to the Kāinga Ora capital build. Annual = 4-yr / 4. years_covered: Labour reports this as a total over the PREFU forecast period (2026/27-2030/31). Spending is expected from 2027/28, so in practice it is a 4-year figure.
SourceNothing announced in this area.
Nothing announced in this area.
Nothing announced in this area.
Nothing announced in this area.
Refund GST on new builds meeting high standards (Homestar 6+/Passive House) to councils+$1.80bOur estimatelow
Uncosted by TOP. Applies only to qualifying high-performance new builds. Method: new-dwelling consents $18.5b (year to Aug 2026, Stats NZ via interest.co.nz) x 15% GST = ~$2.8b, x ~16% qualifying share = ~$450m/yr. 13% of new dwellings were Homestar-certified in 2020 (Infometrics); the incentive would lift this. Replaces TU's $3,986m/yr, which assumed GST on all construction.
SourceTags: Capital one-off spending that adds to debt rather than the annual deficit; Aspirational stated as a goal without a firm commitment; In current plans partly funded in Treasury's PREFU 2026 forecasts already. Change the filters above to include or exclude these.