Sounds good on a headline but I think the policy misses a huge opportunity and will ultimately only help rich people.
Theyre right in that Flooding the housing market with houses is the only way to bring the cost down. But national is letting housing developers try and fill the demand gap
Housing developers will build houses to make money but not enough to fill the demand gap. It's also not going to work because the demand is to high and housing developers don't want to "flood the market"
If the housing was built and owned by the government at least it could be used as a safety net for the people unable to keep up with rising house prices. In nationals situation developers win, people who can afford to own investment properties win, renters lose and poor people lose.
Every dollar the government "saves" not building those houses will be spent renting emergency housing from those developers or subsiding rent for people who can't afford to live in them.