Housing | Budget Special Alert 2018

December’s mini-Budget allocated $2.1 billion for KiwiBuild to deliver 100,000 affordable houses across the country, including 50,000 in Auckland over the next 10 years. Budget 2018 commits more than $1 billion in new funding towards housing, including $369 million in new capital funding. This includes increased state housing and grants for heating and insulation. This is clearly targeted as a welfare measure but injecting money into construction generally has a generous ripple effect through contractor businesses, stimulating growth.